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Prepaid Expenses and Other Assets
12 Months Ended
Dec. 31, 2023
Prepaid Expense and Other Assets [Abstract]  
Prepaid Expenses and Other Assets Prepaid Expenses and Other Assets
Prepaid expenses and other current assets consisted of the following at December 31:
20232022
(in millions)
Customer incentives
$1,570 $1,392 
Other1,073 954 
Total prepaid expenses and other current assets$2,643 $2,346 
Other assets consisted of the following at December 31:
20232022
(in millions)
Customer incentives
$5,170 $4,578 
Equity investments1,729 1,730 
Income taxes receivable783 633 
Other643 639 
Total other assets$8,325 $7,580 
Customer incentives represent payments made to customers under business agreements. Payments made directly related to entering into such an agreement are generally capitalized and amortized over the life of the agreement.