OTHER INCOME (LOSS) (Tables)

12 Months Ended

Dec. 31, 2022

Other Income and Expenses [Abstract]

Schedule of Other Income (Loss)

	2022		2021		2020
Purchases and sales of business interests(a)	$	60	$	(52)	$	94
Licensing and royalty income	185		175		152
Equity method income	220		(123)		—
Investment in Baker Hughes realized and unrealized gain (loss)	912		938		(2,037)
Investment in and note with AerCap unrealized gain (loss)	(865)		711		—
Other net interest and investment income (loss)(b)	474		585		579
Other items	185		462		264
Total other income (loss)	$	1,172	$	2,696	$	(948)

(a) Included a pre-tax loss of $170 million related to the sale of our boiler manufacturing business in China in our Power segment in 2021. See Note 2 for further information.

(b) Included interest income associated with customer advances of $162 million, $167 million and $146 million in 2022, 2021 and 2020, respectively. See Note 8 for further information.