OTHER INCOME (EXPENSE), NET (Tables)

12 Months Ended

Dec. 31, 2022

Other Income and Expenses [Abstract]

Components of other income (expense), net

The components of other income (expense), net included the following (in millions):

	Year Ended December 31,
	2022		2021		2020
Interest and dividend income	$	219	$	16	$	54
Net (losses) gains on equity securities (1)	(963)		(569)		1,713
Foreign currency transaction (losses) gains (2)	(43)		111		(207)
Loss on early extinguishment of debt (3)	—		(242)		—
Other (4)	(1)		(13)		(6)
Other income (expense), net	$	(788)	$	(697)	$	1,554

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

(2)    Foreign currency transaction (losses) gains include gains of $46 million and $135 million, and losses of $200 million, for the years ended December 31, 2022, 2021, and 2020, 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)