Supplemental Income Statement Information

6 Months Ended

Jun. 30, 2020

Supplemental Income Statement Information

Supplemental Income Statement Information

NOTE 6. Supplemental Income Statement Information

Other expense (income), net consists of the following:

	Three months ended				Six months ended
	June 30,				June 30,
(Millions)	2020		2019		2020		2019
Interest expense	$	137	$	111	$	260	$	215
Interest income		(9)		(18)		(19)		(38)
Pension and postretirement net periodic benefit cost (benefit)		(17)		1		(34)		(35)
Loss on deconsolidation of Venezuelan subsidiary		—		162		—		162
Total	$	111	$	256	$	207	$	304

Pension and postretirement net periodic benefit costs described in the table above include all components of defined benefit plan net periodic benefit costs except service cost, which is reported in various operating expense lines. Pension and postretirement net periodic benefit costs include a second quarter 2019 charge related to the voluntary early retirement incentive program announced in May 2019. Refer to Note 11 for additional details on the voluntary early retirement incentive program in addition to the components of pension and postretirement net periodic benefit costs.

In the second quarter of 2019, the Company incurred a charge of $162 million related to the deconsolidation of its Venezuelan subsidiary. Refer to Note 1 for additional details.