4.3.4Other Operating Income and Expense
2023 | 2022 | ||
|---|---|---|---|
Gains from sale of financial participations, property, plant and equipment | 0 | 9 | |
Other operating income | 3 | 28 | |
Total other operating income | 3 | 37 | |
Other operating expenses | (2) | (6) | |
Impairment of other assets and onerous contracts | - | (2) | |
Restructuring expenses | (11) | 0 | |
Total other operating expense | (13) | (8) | |
Total | (10) | 28 |
In 2023, the total other operating income and expense mainly includes a restructuring expense in the amount of US$11 million corresponding to severance costs relating to the implementation of an optimization plan for the Company’s support functions’ activities, aiming to improve the global performance and cost efficiency. The restructuring impacted approximately 106 employees.
For comparison, in 2022, the total other operating income and expense mainly included US$9 million gain realized from the disposal of the SBM Installer and an insurance recovery of US$27 million in respect of one of the Brazilian units.