XML 80 R22.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Investments
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Investments [Abstract]    
Investments
Note 9 – Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following:
 
    
June 30
2024
      December 31
2023		  
Time deposits(1)
   
$
1,208
 
    $ 2,753  
Equity method investments(2)
   
 
956
 
      966  
Available-for-sale
debt investments(1)
   
 
515
 
      499  
Equity and other investments
   
 
53
 
      69  
Restricted cash & cash equivalents(1)(3)
   
 
21
 
      22  
  
 
 
     
 
 
  
Total
   
$
2,753
 
    $ 4,309  
  
 
 
     
 
 
  
 
(1)
Primarily included in Short-term and other investments on our Condensed Consolidated Statements of Financial Position.
(2)
Dividends received were $37 and $17 during the six and three months ended June 30, 2024 and $5 during the same periods in prior year.
(3)
Reflects amounts restricted in support of our workers’ compensation programs and insurance premiums.
Contributions to investments and Proceeds from investments on our Condensed Consolidated Statements of Cash Flows primarily relate to time deposits and
available-for-sale
debt investments. Cash used for the purchase of time deposits during the six months ended June 30, 2024 and 2023, was $1,298 and $9,165. Cash proceeds from the maturities of time deposits during the six months ended June 30, 2024 and 2023, were $2,845 and $5,274.
Allowance for losses on
available-for-sale
debt investments are assessed quarterly. All instruments are considered investment grade, and we have not recognized an allowance for credit losses as of June 30, 2024.
Note 11 – Investments
Our investments, which are recorded in Short-term and other investments or Investments, consisted of the following at December 31:
 
    
2023
      2022  
Time deposits(1)
   
$
2,753
 
    $ 2,093
Equity method investments(2)
   
 
966
 
      948
Available-for-sale
debt investments(1)
   
 
499
 
      479
Equity and other investments
   
 
69
 
      36
Restricted cash & cash equivalents(1)(3)
   
 
22
 
      33
  
 
 
     
 
 
  
Total
   
$
4,309
 
    $ 3,589
  
 
 
     
 
 
  
 
(1)
Included in Short-term and other investments on our Consolidated Statements of Financial Position.
(2)
Dividends received were $31 and $111 during 2023 and 2022. Retained earnings at December 31, 2023 include undistributed earnings from our equity method investments of $110.
(3)
Reflects amounts restricted in support of our property sales, workers’ compensation programs and insurance premiums.
Contributions to investments and Proceeds from investments on our Consolidated Statements of Cash Flows primarily relate to time deposits and
available-for-sale
debt investments. Cash used for the purchase of time deposits during 2023, 2022 and 2021 was $15,794, $4,358 and $34,905, respectively. Cash proceeds from the maturities of time deposits during 2023, 2022 and 2021 were $15,140, $9,943 and $44,372, respectively.
Allowance for losses on
available-for-sale
debt investments are assessed quarterly. All instruments are considered investment grade, and we have not recognized an allowance for credit losses as of December 31, 2023.
Equity Method Investments
Our equity method investments consisted of the following at December 31:
 
    Segment   Ownership
Percentages		     Investment
Balance		  
             
2023
     2022  
United Launch Alliance
   BDS     50 %   
$
582
 
   $ 587
Other
   BCA, BDS, BGS and Other    
 
384
 
     361
 
 
    
 
 
    
 
 
  
Total equity method investments
  
 
    
$
966
 
   $ 948