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Other Income (Expense), Net (Tables)
 12 Months Ended
Dec. 31, 2020
Other Income And Expenses [Abstract]  
Summary of Other Income (Expense), Net

Other income (expense), net, consists of the following for the periods presented:

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

(in millions)

 

Foreign currency exchange rates gains (losses), net (1)

 

$

5

 

 

$

(2

)

 

$

(9

)

Earnings (losses) from equity method investment, net

 

 

(3

)

 

 

(1

)

 

 

—

 

Gain (loss) and impairments on minority equity investments, net

 

 

—

 

 

 

—

 

 

 

1

 

Loss on sale/disposal of business (2)

 

 

(6

)

 

 

—

 

 

 

—

 

Other, net

 

 

(4

)

 

 

—

 

 

 

3

 

Total

 

$

(8

)

 

$

(3

)

 

$

(5

)

 

(1)

Our foreign currency exchange gains (losses), net, are generally related to foreign exchange transaction gains and losses from the conversion of the transaction currency to the functional currency, partially offset by the forward contract gains and losses.

 

(2)

Primarily related to loss on disposal on the sale of our SmarterTravel business in June 2020.