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Other Income, Net (Notes)
 9 Months Ended
Sep. 30, 2022
Other Income and Expenses [Abstract]  
Other Income (Expenses), Net Other Income (Expenses), Net
Other income (expenses), net consist of the following for the periods presented:

Three Months Ended September 30, Nine Months Ended September 30,
2022202120222021
Loss on extinguishment of debt (see Note 4)$— $(69)$(3)$(144)
Loss on financial instruments, net (see Note 7)(193)(64)(178)(107)
Net periodic pension benefits (costs)207 (15)241 176 
Gain (loss) on equity investments, net(51)(9)5 (162)
$(37)$(157)$65 $(237)

Net periodic pension benefits

During the three and nine months ended September 30, 2022 and nine months ended September 30, 2021, settlements for lump-sum distributions to pension plan participants exceeded the estimated annual interest cost of the plans. As a result, the pension liability and pension asset values were reassessed utilizing remeasurement date assumptions in accordance with the Company's mark-to-market pension accounting policy to record gains and losses in the period in which a remeasurement event occurs. Net periodic pension benefits includes a $189 million remeasurement gain recorded during the three and nine months ended September 30, 2022 and a $155 million remeasurement gain recorded during the nine months ended September 30, 2021 which were primarily driven by changes in the discount rate offset by losses to record assets to fair value.

Gain (loss) on equity investments, net

Gain (loss) on equity investments, net includes impairments on equity investments of approximately $165 million for the nine months ended September 30, 2021.