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Marketable Securities
 6 Months Ended
Jun. 30, 2025
Debt Securities, Available-for-Sale [Abstract]  
Marketable Securities
Note 11. Marketable Securities
The Company invests in certificates of deposit/time deposits, commercial paper, and other securities. The following is a summary of amounts recorded on the Consolidated Balance Sheet for marketable securities (current and non-current).
(Millions)June 30, 2025December 31, 2024
Asset backed securities
$26 $24 
Foreign corporate debt
3 31 
U.S. government securities
117 138 
Corporate debt securities237 819 
Commercial paper57 658 
Certificates of deposit/time deposits33 185 
U.S. treasury securities25 269 
U.S. municipal securities4 4 
Current marketable securities502 2,128 
U.S. municipal securities16 16 
Non-current marketable securities16 16 
Total marketable securities$518 $2,144 
At June 30, 2025 and December 31, 2024, gross unrealized, gross realized, and net realized gains and/or losses (pre-tax) were not material.
The balances at June 30, 2025 for marketable securities by contractual maturity are shown below. Actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties.
(Millions) 
Due in one year or less $468 
Due after one year through five years 50 
Total marketable securities $518