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OTHER INCOME (EXPENSE), NET
6 Months Ended
Jun. 30, 2024
Other Income and Expenses [Abstract]  
OTHER INCOME (EXPENSE), NET OTHER INCOME (EXPENSE), NET
The components of other income (expense), net for the three and six months ended June 30, 2024 and 2023 were as follows (in millions):
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202320242023
Foreign currency transaction gains (losses) (1)
$25 $(48)$161 $(101)
Net gains (losses) on equity securities (2)
11 (34)(5)(167)
Other
Other income (expense), net$37 $(80)$159 $(261)
(1)    Foreign currency transaction gains (losses) include gains of $68 million and $235 million for the three and six months ended June 30, 2024, respectively, and losses of $8 million and $34 million for the three and six months ended June 30, 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 gains (losses) on equity securities.