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OTHER INCOME (EXPENSE), NET
6 Months Ended
Jun. 30, 2025
Other Income and Expenses [Abstract]  
OTHER INCOME (EXPENSE), NET OTHER INCOME (EXPENSE), NET
The components of other income (expense), net were as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in millions)
2025202420252024
Foreign currency transaction (losses) gains (1)
$(989)$25 $(1,409)$161 
Change in fair value of the conversion option of the convertible senior notes (2)
— 163 — 
Net gains (losses) on equity securities (3)
21 11 23 (5)
Other
Other income (expense), net$(962)$37 $(1,220)$159 
(1)    Foreign currency transaction (losses) gains include losses of $961 million and $1.4 billion for the three and six months ended June 30, 2025, respectively, and gains of $68 million and $235 million for the three and six months ended June 30, 2024, respectively, related to Euro-denominated debt and accrued interest that were not designated as net investment hedges (see Note 9). Foreign currency transaction (losses) gains also include (losses) gains related to derivative contracts (see Note 6).    
(2)    See Note 9 for additional information.
(3)    See Note 5 for additional information.