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OTHER INCOME (LOSS)
3 Months Ended
Mar. 31, 2023
Other Income and Expenses [Abstract]  
OTHER INCOME (LOSS)
NOTE 19. OTHER INCOME (LOSS)
Three months ended March 31
20232022
Licensing and royalty income$34 $57 
Equity method income— 38 
Investment in GE HealthCare unrealized gain (loss)6,093 — 
Investment in and note with AerCap realized and unrealized gain (loss)(195)(1,736)
Investment in Baker Hughes realized and unrealized gain (loss)10 1,515 
Other net interest and investment income (loss)186 93 
Other items(48)82 
Total other income (loss)$6,081 $49 

Our investment in GE HealthCare comprises 90.3 million shares (approximately 19.9% ownership interest) at March 31, 2023. Our investment in AerCap comprises 79.7 million ordinary shares (approximately 33% ownership interest) at March 31, 2023 and an AerCap senior note. During the first quarter of 2023, we received total proceeds of $1,808 million from the sale of AerCap shares. During the first quarter of 2023, we received proceeds of $216 million from the sale of Baker Hughes shares and have now fully monetized our position.