v3.25.4
Other Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2025
Other Income (Loss) [Abstract]  
Schedule of Components of Other Income

The table below presents the components of other income (loss) for the periods indicated.

 

 

Year-Ended December 31,

 

 

2025

 

2024

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

 

 

 

 

 

 

 

 

Principal transactions 1

 

$

197

 

$

127

 

$

48

Gains (losses) from currency diversification strategy, net

 

 

(4)

 

 

(15)

 

 

(80)

Other, net

 

 

9

 

 

(52)

 

 

21

 

 

$

202

 

$

60

 

$

(11)

 

(1)
Principal transactions include (1) trading gains and losses from the Company’s remaining market making activities; (2) realized and unrealized gains and losses on financial instruments that (a) are held for purposes other than the Company’s market making activities, or (b) are subject to restrictions; and (3) dividends on investments accounted at cost less impairment.