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OTHER INCOME (EXPENSE), NET
 3 Months Ended
Mar. 31, 2024
Other Income and Expenses [Abstract]  
OTHER INCOME (EXPENSE), NET OTHER INCOME (EXPENSE), NET
The components of other income (expense), net for the three months ended March 31, 2024 and 2023 were as follows (in millions):
Three Months Ended
March 31,
20242023
Foreign currency transaction gains (losses) (1)
$136 $(53)
Net losses on equity securities (2)
(16)(133)
Other
2 5 
Other income (expense), net$122 $(181)
(1)    Foreign currency transaction gains (losses) include gains of $167 million and losses of $26 million for the three months ended March 31, 2024 and 2023, respectively, related to Euro-denominated debt and accrued interest that were not designated as net investment hedges (see Note 9).
(2)    See Note 5 for additional information related to net losses on equity securities.