XML 37 R22.htm IDEA: XBRL DOCUMENT v3.23.2
OTHER INCOME (EXPENSE), NET
6 Months Ended
Jun. 30, 2023
Other Income and Expenses [Abstract]  
OTHER INCOME (EXPENSE), NET OTHER INCOME (EXPENSE), NET
The components of other income (expense), net for the three and six months ended June 30, 2023 and 2022 were as follows (in millions):
Three Months Ended
June 30,
Six Months Ended
June 30,
2023202220232022
Interest and dividend income$266 $24 $494 $27 
Net (losses) gains on equity securities (1)
(34)181 (167)(806)
Foreign currency transaction (losses) gains (2)
(48)16 (101)46 
Other
(1)(2)
Other income (expense), net$186 $220 $233 $(735)
(1)    Includes losses of $149 million related to the sale of Meituan during the six months ended June 30, 2023. See Note 5 for additional information related to net (losses) gains on equity securities and Note 6 for additional information related to impairments of an investment in equity securities.
(2)    Foreign currency transaction (losses) gains include losses of $8 million and $34 million for the three and six months ended June 30, 2023, respectively, and gains of $38 million and $68 million for the three and six months ended June 30, 2022, respectively, related to Euro-denominated debt and accrued interest that were not designated as net investment hedges (see Note 9).