Other Income, Net

9 Months Ended

Sep. 30, 2022

Income Statement [Abstract]

Other Income, Net

13. OTHER INCOME, NET

Components of other income, net are as follows:

	Three Months Ended September 30,					Nine Months Ended September 30,
(millions)	2022			2021		2022		2021
Other income	$	2		$	3	$	5	$	10
Other expense		(1	)		1		—		(15	)
Gains on sales of assets(1)		20			—		37		—
Allowance for equity funds used during construction		1			2		4		5
Other income, net	$	22		$	6	$	46	$	—

(1)     Includes amounts recognized in connection with the transfer of property to satisfy litigation.  See Note 10 for additional information.

Non-service cost components of pension and other postretirement benefits are included in other income.

In June 2022, DESC completed the sale of certain utility property in South Carolina, as approved by the South Carolina Commission in May 2022, for total cash consideration of $16 million. In connection with the sale, DESC recognized a gain of $16 million ($12 million after-tax) for the nine months ended September 30, 2022.