XML 72 R28.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Investments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Short-Term and Long-Term Investments [Table Text Block] | A summary of debt securities by major security type is as follows:
(in millions) |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
December 31, 2021 |  |  |  |  |  |  |  |
Debt securities - available-for-sale: |  |  |  |  |  |  |  |
U.S. government and agency obligations |  | $ | 3,206 |  |  | $ | 23 |  |  | $ | (31) |  |  | $ | 3,198 |
State and municipal obligations |  | 6,829 |  |  | 297 |  |  | (20) |  |  | 7,106 |
Corporate obligations |  | 20,947 |  |  | 372 |  |  | (145) |  |  | 21,174 |
U.S. agency mortgage-backed securities |  | 5,868 |  |  | 88 |  |  | (55) |  |  | 5,901 |
Non-U.S. agency mortgage-backed securities |  | 2,819 |  |  | 42 |  |  | (23) |  |  | 2,838 |
Total debt securities - available-for-sale |  | 39,669 |  |  | 822 |  |  | (274) |  |  | 40,217 |
Debt securities - held-to-maturity: |  |  |  |  |  |  |  |
U.S. government and agency obligations |  | 511 |  |  | 2 |  |  | (2) |  |  | 511 |
State and municipal obligations |  | 30 |  |  | 2 |  |  | — |  |  | 32 |
Corporate obligations |  | 100 |  |  | — |  |  | — |  |  | 100 |
Total debt securities - held-to-maturity |  | 641 |  |  | 4 |  |  | (2) |  |  | 643 |
Total debt securities |  | $ | 40,310 |  |  | $ | 826 |  |  | $ | (276) |  |  | $ | 40,860 |
December 31, 2020 |  |  |  |  |  |  |  |
Debt securities - available-for-sale: |  |  |  |  |  |  |  |
U.S. government and agency obligations |  | $ | 3,335 |  |  | $ | 133 |  |  | $ | (3) |  |  | $ | 3,465 |
State and municipal obligations |  | 6,893 |  |  | 435 |  |  | — |  |  | 7,328 |
Corporate obligations |  | 18,886 |  |  | 863 |  |  | (12) |  |  | 19,737 |
U.S. agency mortgage-backed securities |  | 6,849 |  |  | 245 |  |  | (3) |  |  | 7,091 |
Non-U.S. agency mortgage-backed securities |  | 2,116 |  |  | 95 |  |  | (4) |  |  | 2,207 |
Total debt securities - available-for-sale |  | 38,079 |  |  | 1,771 |  |  | (22) |  |  | 39,828 |
Debt securities - held-to-maturity: |  |  |  |  |  |  |  |
U.S. government and agency obligations |  | 420 |  |  | 6 |  |  | — |  |  | 426 |
State and municipal obligations |  | 31 |  |  | 2 |  |  | — |  |  | 33 |
Corporate obligations |  | 187 |  |  | 1 |  |  | — |  |  | 188 |
Total debt securities - held-to-maturity |  | 638 |  |  | 9 |  |  | — |  |  | 647 |
Total debt securities |  | $ | 38,717 |  |  | $ | 1,780 |  |  | $ | (22) |  |  | $ | 40,475 |
Investments by Contractual Maturity [Table Text Block] | The amortized cost and fair value of debt securities as of December 31, 2021, by contractual maturity, were as follows:
|  | Available-for-Sale |  | Held-to-Maturity
(in millions) |  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Due in one year or less |  | $ | 2,603 |  |  | $ | 2,614 |  |  | $ | 235 |  |  | $ | 236 |
Due after one year through five years |  | 12,885 |  |  | 13,065 |  |  | 355 |  |  | 354 |
Due after five years through ten years |  | 11,342 |  |  | 11,524 |  |  | 28 |  |  | 29 |
Due after ten years |  | 4,152 |  |  | 4,275 |  |  | 23 |  |  | 24 |
U.S. agency mortgage-backed securities |  | 5,868 |  |  | 5,901 |  |  | — |  |  | — |
Non-U.S. agency mortgage-backed securities |  | 2,819 |  |  | 2,838 |  |  | — |  |  | — |
Total debt securities |  | $ | 39,669 |  |  | $ | 40,217 |  |  | $ | 641 |  |  | $ | 643 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value | The fair value of available-for-sale debt securities with gross unrealized losses by major security type and length of time that individual securities have been in a continuous unrealized loss position were as follows:
|  | Less Than 12 Months |  | 12 Months or Greater |  | Total
(in millions) |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
U.S. government and agency obligations |  | $ | 1,976 |  |  | $ | (18) |  |  | $ | 249 |  |  | $ | (13) |  |  | $ | 2,225 |  |  | $ | (31) |
State and municipal obligations |  | 1,386 |  |  | (19) |  |  | 31 |  |  | (1) |  |  | $ | 1,417 |  |  | $ | (20) |
Corporate obligations |  | 9,357 |  |  | (130) |  |  | 376 |  |  | (15) |  |  | 9,733 |  |  | (145) |
U.S. agency mortgage-backed securities |  | 3,078 |  |  | (52) |  |  | 116 |  |  | (3) |  |  | 3,194 |  |  | (55) |
Non-U.S. agency mortgage-backed securities |  | 1,321 |  |  | (18) |  |  | 114 |  |  | (5) |  |  | 1,435 |  |  | (23) |
Total debt securities - available-for-sale |  | $ | 17,118 |  |  | $ | (237) |  |  | $ | 886 |  |  | $ | (37) |  |  | $ | 18,004 |  |  | $ | (274) |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
U.S. government and agency obligations |  | $ | 346 |  |  | $ | (3) |  |  | $ | — |  |  | $ | — |  |  | $ | 346 |  |  | $ | (3) |
Corporate obligations |  | 1,273 |  |  | (9) |  |  | 456 |  |  | (3) |  |  | 1,729 |  |  | (12) |
U.S. agency mortgage-backed securities |  | 601 |  |  | (3) |  |  | — |  |  | — |  |  | 601 |  |  | (3) |
Non-U.S. agency mortgage-backed securities |  | 195 |  |  | (1) |  |  | 93 |  |  | (3) |  |  | 288 |  |  | (4) |
Total debt securities - available-for-sale |  | $ | 2,415 |  |  | $ | (16) |  |  | $ | 549 |  |  | $ | (6) |  |  | $ | 2,964 |  |  | $ | (22) |

X
- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121590138&loc=SL82922954-210456 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=124269663&loc=SL82922888-210455 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration