Other Income, Net

3 Months Ended

Mar. 31, 2023

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 March 31 were as follows (in millions):

	First Quarter
	2022		2023
Interest and investment income	$	(5)	$	135
Currency revaluation gains/(losses)	152		(109)
Gains/(losses) on derivatives	(123)		68
Gains/(losses) on changes in investments in affiliates (a)	(195)		—
Other	2		6
Total other income/(loss), net	$	(169)	$	100

__________

(a)Includes 2022 losses related to our restructuring in South America described in Note 10.