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OTHER INCOME (EXPENSE), NET
9 Months Ended
Sep. 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 nine months ended September 30, 2024 and 2023 were as follows (in millions):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Foreign currency transaction losses (1)
$(365)$(1)$(204)$(102)
Net gains (losses) on equity securities (2)
32 16 27 (151)
Other
(4)
Other income (expense), net$(332)$11 $(173)$(250)
(1)    Foreign currency transaction losses include losses of $343 million and $108 million for the three and nine months ended September 30, 2024, respectively, and gains of $36 million and $2 million for the three and nine months ended September 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.