OTHER (INCOME) EXPENSE (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2022 |
Jun. 30, 2021 |
Jun. 30, 2022 |
Jun. 30, 2021 |
|
Other Income and Expenses [Line Items] | ||||
Interest income | $ (20,000,000) | $ (23,000,000) | $ (40,000,000) | $ (42,000,000) |
Equity income of affiliated companies | (10,000,000) | (18,000,000) | (24,000,000) | (32,000,000) |
(Gain) loss on sale of non-strategic businesses and assets | 0 | 1,000,000 | 0 | (89,000,000) |
Foreign exchange | 22,000,000 | 13,000,000 | 20,000,000 | 18,000,000 |
Expense related to UOP Matters | 50,000,000 | 0 | 50,000,000 | 0 |
Expense related to Russia-Ukraine Conflict | 57,000,000 | 0 | 57,000,000 | 0 |
Other (net) | 4,000,000 | (12,000,000) | 16,000,000 | (9,000,000) |
Total | (190,000,000) | (366,000,000) | (509,000,000) | (808,000,000) |
Pension Plan | ||||
Other Income and Expenses [Line Items] | ||||
Ongoing income - non-service | (283,000,000) | (309,000,000) | (568,000,000) | (619,000,000) |
Other Postretirement Benefits Plan | ||||
Other Income and Expenses [Line Items] | ||||
Ongoing income - non-service | $ (10,000,000) | $ (18,000,000) | $ (20,000,000) | $ (35,000,000) |