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OTHER INCOME (EXPENSE), NET
 12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
OTHER INCOME (EXPENSE), NET OTHER INCOME (EXPENSE), NET
The components of other income (expense), net included the following:
Year Ended December 31,
(in millions)202420232022
Foreign currency transaction gains (losses) (1)
$383 $(348)$(43)
Net gains (losses) on equity securities (2)
63 (131)(963)
Loss related to the conversion option on convertible senior notes (3)
(517)— — 
Other
(11)2 (1)
Other income (expense), net$(82)$(477)$(1,007)
(1)    Foreign currency transaction gains (losses) include gains of $526 million, losses of $163 million, and gains of $46 million for the years ended December 31, 2024, 2023, and 2022, respectively, related to Euro-denominated debt and accrued interest that were not designated as net investment hedges (see Note 12).
(2)    See Note 5 for additional information related to net gains (losses) on equity securities.
(3)    See Note 12 for additional information.