OTHER INCOME (EXPENSE), NET (Tables)

3 Months Ended

Jun. 30, 2023

Other Income and Expenses [Abstract]

Components of 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,
	2023		2022		2023		2022
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	2		(1)		7		(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).