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Fair Value (Notes)
 9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Fair Value [Text Block] Fair Value
Certain assets and liabilities are measured at fair value in the Condensed Consolidated Financial Statements or have fair values disclosed in the Notes to the Condensed Consolidated Financial Statements. These assets and liabilities are classified into one of three levels of a hierarchy defined by GAAP.
For a description of the methods and assumptions that are used to estimate the fair value and determine the fair value hierarchy classification of each class of financial instrument, see Note 4 of Notes to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary Data” in the 2023 10-K.
The following table presents a summary of fair value measurements by level and carrying values for items measured at fair value on a recurring basis in the Condensed Consolidated Balance Sheets:
(in millions)Quoted Prices
in Active
Markets
(Level 1)		Other
Observable
Inputs
(Level 2)		Unobservable
Inputs
(Level 3)		Total
Fair and Carrying
Value
September 30, 2024
Cash and cash equivalents$32,230$170$—$32,400
Debt securities - available-for-sale:
U.S. government and agency obligations4,682146—4,828
State and municipal obligations—7,068—7,068
Corporate obligations2722,71930723,053
U.S. agency mortgage-backed securities—8,630—8,630
Non-U.S. agency mortgage-backed securities—2,684—2,684
Total debt securities - available-for-sale4,70941,24730746,263
Equity securities1,83325651,923
Total assets at fair value$38,772$41,442$372$80,586
Percentage of total assets at fair value48 %51 %1 %100 %
December 31, 2023
Cash and cash equivalents$25,345$82$—$25,427
Debt securities - available-for-sale:
U.S. government and agency obligations4,167276—4,443
State and municipal obligations—7,353—7,353
Corporate obligations1521,80020222,017
U.S. agency mortgage-backed securities—8,296—8,296
Non-U.S. agency mortgage-backed securities—2,786—2,786
Total debt securities - available-for-sale4,18240,51120244,895
Equity securities2,46816692,553
Assets under management 1,5052,1401103,755
Total assets at fair value$33,500$42,749$381$76,630
Percentage of total assets at fair value44 %55 %1 %100 %
There were no transfers in or out of Level 3 financial assets or liabilities during the nine months ended September 30, 2024 or 2023.
The following table presents a summary of fair value measurements by level and carrying values for certain financial instruments not measured at fair value on a recurring basis in the Condensed Consolidated Balance Sheets:
(in millions)Quoted Prices
in Active
Markets
(Level 1)		Other
Observable
Inputs
(Level 2)		Unobservable
Inputs
(Level 3)		Total
Fair
Value		Total Carrying Value
September 30, 2024
Debt securities - held-to-maturity$435 $26 $— $461 $464 
Long-term debt and other financing obligations$— $75,798 $— $75,798 $76,780 
December 31, 2023
Debt securities - held-to-maturity$524 $72 $— $596 $603 
Long-term debt and other financing obligations$— $59,851 $— $59,851 $61,449 
Nonfinancial assets and liabilities or financial assets and liabilities that are measured at fair value on a nonrecurring basis are subject to fair value adjustments only in certain circumstances, such as when the Company records an impairment. The assets and liabilities within our South American operations held for sale as of September 30, 2024 were measured at the lower of carrying value or fair value less cost to sell. Fair value is measured based upon unobservable amounts, such as estimated selling price derived from Company-specific information and market conditions. There were no other significant fair value adjustments for assets and liabilities recorded during the nine months ended September 30, 2024 or 2023.