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OTHER INCOME (EXPENSE), NET (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Other Income and Expenses [Abstract]        
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] 0 (242) 0 (242)
Other [4] (1) (16) (2) (13)
Other income (expense), net 220 96 (735) 227
Foreign currency transaction gain (loss) $ 38 $ (37) $ 68 $ 54
[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).