Other Income, Net

6 Months Ended

Jun. 30, 2022

Other Income and Expenses [Abstract]

OTHER INCOME, NET

OTHER INCOME/(LOSS)

Other income/(loss) consists of various line items that are combined on the consolidated income statements due to their respective materiality compared with other individual income and expense items.

The amounts included in Other income/(loss), net for the periods ended June 30 were as follows (in millions):

	Second Quarter				First Half
	2021		2022		2021		2022
Gains/(Losses) on derivatives	$	24	$	(383)	$	(241)	$	(506)
Currency revaluation gains/(losses)	(30)		417		153		569
Interest and investment income (a)	15		1		13		(4)
Gains/(Losses) on changes in investments in affiliates (b)	—		(36)		1		(231)
Other	4		22		12		24
Total other income/(loss), net	$	13	$	21	$	(62)	$	(148)

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(a)Includes a $20 million unrealized gain for an observable price event on a non-consolidated investment in the first quarter of 2022.

(b)Includes losses related to our restructuring in South America described in Note 10.