OTHER INCOME (EXPENSE), NET (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Interest and dividend income	$	24	$	4	$	27	$	8
Net gains (losses) on equity securities (1)	181		391		(806)		427
Foreign currency transaction gains (losses) (2)	16		(41)		46		47
Loss on early extinguishment of debt (3)	—		(242)		—		(242)
Other (4)	(1)		(16)		(2)		(13)
Other income (expense), net	$	220	$	96	$	(735)	$	227

(1)    See Note 5 for additional information related to the net gains (losses) on equity securities and Note 6 for additional information related to the impairment of an investment in equity securities.

(2)    Foreign currency transaction gains (losses) include gains of $38 million and losses of $37 million for the three months ended June 30, 2022 and 2021, respectively, and gains of $68 million and $54 million for the six months ended June 30, 2022 and 2021, respectively, related to Euro-denominated debt and accrued interest that were not designated as net investment hedges (see Note 9).

(3)    See Note 9 for additional information related to the loss on early extinguishment of debt.

(4)    The amounts for the three and six months ended June 30, 2021 include losses on reverse treasury lock agreements which were designated as cash flow hedges (see Note 12).