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Other Income, Net
 12 Months Ended
Dec. 31, 2021
Other Income and Expenses [Abstract]  
Other Income, Net OTHER INCOME, NET
Other income (expense), net included:
 Year Ended December 31,
202120202019
 (in millions)
Interest income$9 $8 $13 
Loss on extinguishment of debt (Note 11)(126)— (6)
Loss on modification of debt(1)(4)— 
Components of net periodic benefit cost other than service cost(21)(20)(27)
Costs associated with acquisitions— — (5)
Change in fair value of equity investments without readily determinable fair value (Note 5)9 10 19 
Other, net1 6 20 
Other (expense) income, net$(129)$— $14 
As further discussed in Note 11. Debt, during the year ended December 31, 2021, Aptiv redeemed for cash the entire $700 million aggregate principal amount outstanding of the 2014 Senior Notes and the entire $650 million aggregate principal amount outstanding of the 4.25% Senior Notes, resulting in a loss on debt extinguishment of approximately $126 million. As further discussed in Note 5. Investments in Affiliates, during the year ended December 31, 2021, Aptiv recorded a pre-tax unrealized gain of $9 million related to increases in fair value of its equity investments without readily determinable fair values. During the year ended December 31, 2021, Aptiv also recognized a net unrealized gain of $5 million for publicly traded equity securities still held as of December 31, 2021.
As further discussed in Note 5. Investments in Affiliates, during the year ended December 31, 2020, Aptiv recorded a pre-tax unrealized gain of $10 million related to increases in fair value of its equity investments without readily determinable fair values. Also, during the year ended December 31, 2020, Aptiv recorded a loss on modification of debt of $4 million, in conjunction with the May 2020 amendment to the Credit Agreement.
As further discussed in Note 5. Investments in Affiliates, during the year ended December 31, 2019, Aptiv recorded a pre-tax unrealized gain of $19 million related to increases in fair value of its equity investments without readily determinable fair values. Additionally, during the year ended December 31, 2019, Aptiv redeemed for cash the entire $650 million aggregate principal amount outstanding of the 3.15% Senior Notes, resulting in a loss on debt extinguishment of approximately $6 million. Aptiv also incurred approximately $5 million in transaction costs related to the acquisition of gabocom during the year ended December 31, 2019.