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OTHER INCOME (EXPENSE), NET
 12 Months Ended
Dec. 31, 2021
Other Income and Expenses [Abstract]  
OTHER INCOME (EXPENSE), NET OTHER INCOME (EXPENSE), NET
The components of other income (expense), net included the following (in millions):
Year Ended December 31,
202120202019
Interest and dividend income
$16 $54 $152 
Net (losses) gains on equity securities (1)
(569)1,813 745 
Impairment of investment (1)
— (100)— 
Foreign currency transaction gains (losses) (2)
111 (207)(31)
Loss on early extinguishment of debt (3)
(242)— — 
Other (4)
(13)(6)13 
Other income (expense), net$(697)$1,554 $879 
(1)    See Note 5 for additional information related to the net (losses) gains on equity securities and impairment of investment.
(2)    Foreign currency transaction gains (losses) include gains of $135 million, losses of $200 million, and gains of $7 million, for the years ended December 31, 2021, 2020 and 2019, respectively, related to Euro-denominated debt and accrued interest that were not designated as net investment hedges (see Note 12).
(3)    See Note 12 for additional information related to the loss on early extinguishment of debt.
(4)    The amount for the year ended December 31, 2021 includes losses on reverse treasury lock agreements which were designated as cash flow hedges (see Note 6).