OTHER INCOME (LOSS) (Tables)

12 Months Ended

Dec. 31, 2022

Other Income and Expenses [Abstract]

Schedule of Other Income (Loss)

	2022		2021		2020
Purchases and sales of business interests(a)	$	66	$	(40)	$	12,468
Licensing and royalty income	203		192		161
Equity method income	233		(96)		7
Investment in Baker Hughes realized and unrealized gain (loss)	912		938		(2,037)
Investment in and note with AerCap unrealized gain (loss)	(865)		711		—
Other net interest and investment income (loss)(b)	456		621		590
Other items	226		497		207
Total other income (loss)	$	1,231	$	2,823	$	11,396

(a) Included a pre-tax loss of $170 million related to the sale of our boiler manufacturing business in China in our Power segment in 2021. Included a pre-tax gain of $12,362 million on the sale of our BioPharma business in 2020. See Note 2 for further information.

(b) Included interest income associated with customer advances of $162 million, $167 million and $146 million in 2022, 2021 and 2020, respectively. See Note 8 for further information.