OTHER INCOME (EXPENSE), NET (Tables)

3 Months Ended

Mar. 31, 2022

Other Income and Expenses [Abstract]

Components of other income (expense), net

The components of other income (expense), net were as follows (in millions):

	Three Months Ended March 31,
	2022		2021
Net (losses) gains on equity securities (1)	$	(987)	$	36
Foreign currency transaction gains (2)	30		88
Other	2		7
Other income (expense), net	$	(955)	$	131

(1)    See Note 5 for additional information related to the net (losses) gains on equity securities.

(2)    Foreign currency transaction gains include gains of $30 million and $91 million for the three months ended March 31, 2022 and 2021, respectively, related to Euro-denominated debt and accrued interest that were not designated as net investment hedges (see Note 9).