v3.25.1
OTHER INCOME (EXPENSE), NET
 3 Months Ended
Mar. 31, 2025
Other Income and Expenses [Abstract]  
OTHER INCOME (EXPENSE), NET OTHER INCOME (EXPENSE), NET
The components of other income (expense), net were as follows:
Three Months Ended
March 31,
(in millions)
20252024
Foreign currency transaction (losses) gains (1)
$(420)$136 
Change in fair value of the conversion option of the convertible senior notes (2)
158 — 
Other (3)
4 (14)
Other income (expense), net$(258)$122 
(1)    Foreign currency transaction (losses) gains include losses of $437 million and gains of $167 million for the three months ended March 31, 2025 and 2024, respectively, related to Euro-denominated debt and accrued interest that were not designated as net investment hedges (see Note 9).
(2)    See Note 9 for additional information.
(3)    Includes net gains (losses) on equity securities. See Note 5 for additional information.