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OTHER INCOME (EXPENSE), NET (Tables) | 3 Months Ended
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Mar. 31, 2024
Other Income and Expenses [Abstract] |
Components of 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,
|  |  |  |  |  | 2024 |  | 2023
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.

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- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
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