Interest and Other, Net

12 Months Ended

Dec. 31, 2020

Nonoperating Income (Expense) [Abstract]

The components of interest and other, net for the years ended December 31, 2020, 2019 and 2018 are as follows (in millions):


	Year Ended December 31,
	2020		2019		2018
Interest income	$	39	$	120	$	176
Interest expense	(305)		(311)		(326)
Gains on investments and sale of business (1)	1,007		80		663
Other	(32)		(1)		(16)
Total interest and other, net	$	709	$	(112)	$	497

(1)Gains on investments and sale of business includes: (i) 2020 included a $770 million gain recognized due to the change in fair value of the Adyen warrant, $239 million upward adjustment recognized for our investment in Kakao Bank, $40 million impairment recorded on an investment and $37 million gain for the receipt of proceeds that were held in escrow related to a long-term investment that was sold in 2018; (ii) 2019 included a $52 million loss recorded on the divestiture of brands4friends and a $133 million gain recognized due to the change in fair value of the Adyen warrant; and (iii) 2018 included a $313 million gain on the sale of our equity investment in Flipkart, a $266 million gain recognized upon the relinquishment of our equity investment in Giosis and a $104 million gain recognized due to the change in fair value of the Adyen warrant.