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Other Noncurrent Assets and Liabilities
 12 Months Ended
Dec. 31, 2023
Other Noncurrent Assets and Liabilities [Abstract]  
Other Noncurrent Assets and Liabilities Other Noncurrent Assets and Liabilities
Other noncurrent assets as of December 31, 2023 and 2022, consist of the following (in millions):
 20232022
Operating lease ROU assets (1)$214 $251 
Equity security investments195 281 
Derivatives172 330 
Other947 813 
Total Other noncurrent assets$1,528 $1,675 
Other noncurrent liabilities as of December 31, 2023 and 2022, consist of the following (in millions):
 20232022
Operating lease liabilities (1)$178 $219 
Deferred revenue149 165 
Derivatives789 641 
Other330 357 
Total Other noncurrent liabilities$1,446 $1,382 

(1)See Note 15, Operating Leases

Equity Security Investments

The Company holds various equity securities without readily determinable fair values that primarily represent strategic investments made by the Company as well as investments obtained through acquisitions. Such investments totaled $195 million and $281 million at December 31, 2023 and 2022, respectively, and are included within Other noncurrent assets on the consolidated balance sheets. The Company accounts for these investments at cost, less impairment, and adjusts the carrying values for observable price changes from orderly transactions for identical or similar investments of the same issuer. These adjustments are generally considered Level 2-type fair value measurements. The Company records realized and unrealized gains and losses on these investments as well as impairment losses, as Other income (expense), net on the consolidated statements of earnings (loss) and recorded net (losses) gains of $(48) million, $(31) million and $161 million for the years ended December 31, 2023, 2022 and 2021, respectively, related to these investments. The net loss recorded for the 2023 period primarily relates to impairments. The net loss recorded during 2022 included a $78 million impairment loss.