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OTHER (INCOME) EXPENSE, NET
3 Months Ended
Mar. 31, 2026
Other Income and Expenses [Abstract]  
OTHER (INCOME) EXPENSE, NET OTHER (INCOME) EXPENSE, NET
Other (income) expense, net consists of the following:
Three Months Ended March 31,
20262025
Change in fair value of equity securities
$50 $140 
Gain on business dispositions
(721)— 
Transaction related costs
28 — 
Other charges and credits (1)
55 — 
Total$(588)$140 
(1)Other charges and credits of $(3) million and nil for the three months ended March 31, 2026 and 2025, respectively, consist of other (income) expense, net within OFSE and IET.
The Company recorded other (income) expense, net of $(588) million and $140 million for the three months ended March 31, 2026 and 2025. The gain on business dispositions of $721 million is further discussed in "Note 19. Business Acquisitions and Dispositions." Transaction related costs consist of legal and other professional fees in connection with the businesses being disposed of and acquired, the most significant of which are the ongoing Chart acquisition activities.