Other Income, Net

12 Months Ended

Dec. 31, 2022

Other Income and Expenses [Abstract]

OTHER INCOME, NET

OTHER INCOME/(LOSS), NET

Other income/(loss) consists of various line items that are combined on the 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 years ended December 31 were as follows (in millions):

	2020		2021		2022
Gains/(Losses) on derivatives	$	341	$	(437)	$	(393)
Currency revaluation gains/(losses)	(437)		298		419
Interest and investment income (a) (b)	119		32		123
Gains/(Losses) on changes in investments in affiliates (c)	(17)		16		(231)
Other (a)	17		13		41
Total other income/(loss), net	$	23	$	(78)	$	(41)

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(a)Includes interest income primarily on notes receivable from affiliated companies of $13 million, $10 million, and $2 million for the years ended December 31, 2020, 2021, and 2022, respectively.

(b)Includes a $20 million unrealized gain for an observable price event on a non-consolidated investment for the year ended December 31, 2022.

(c)Includes losses related to our restructuring in South America described in Note 12.