Other Income, Net

6 Months Ended

Jun. 30, 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 June 30 were as follows (in millions):

	Second Quarter				First Half
	2022		2023		2022		2023
Interest and investment income (a)	$	1	$	108	$	(4)	$	243
Currency revaluation gains/(losses)	417		(23)		569		(132)
Gains/(losses) on derivatives	(383)		33		(506)		101
Gains/(losses) on changes in investments in affiliates (b)	(36)		—		(231)		—
Other	22		8		24		14
Total other income/(loss), net	$	21	$	126	$	(148)	$	226

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(a)Includes impairment losses of non-consolidated investments of $9 million in the second quarter of 2023.

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