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Financial Assets & Liabilities (Tables) | 3 Months Ended
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Mar. 31, 2025
Investments, All Other Investments [Abstract] |
Financial assets and financial liabilities measured at fair value on a recurring basis | The following table presents the company’s financial assets and financial liabilities that are measured at fair value on a recurring basis at March 31, 2025 and December 31, 2024.
|  | Fair Value Hierarchy Level |  | At March 31, 2025 |  | At December 31, 2024 |
(Dollars in millions) |  |  | Assets (5) |  | Liabilities (6) |  | Assets (5) |  | Liabilities (6) |
Cash equivalents: (1) |  |  |  |  |  |  |  |  |  |  |
Time deposits, certificates of deposit and other (2) |  | 2 |  | $ | 6,059 |  |  | N/A |  | $ | 6,663 |  |  | N/A |
Money market funds |  | 1 |  | 716 |  |  | N/A |  | 284 |  |  | N/A |
Total cash equivalents |  |  |  | $ | 6,775 |  |  | N/A |  | $ | 6,948 |  |  | N/A |
Equity investments |  | 1 |  | — |  |  | N/A |  | — |  |  | N/A |
Debt securities-current (2) (3) |  | 2 |  | 6,430 |  |  | N/A |  | 644 |  |  | N/A |
Debt securities-noncurrent (2) (4) |  | 2,3 |  | 157 |  |  | N/A |  | 124 |  |  | N/A |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | 2 |  | 1 |  |  | 273 |  |  | — |  |  | 362 |  |
Foreign exchange contracts |  | 2 |  | 342 |  |  | 253 |  |  | 645 |  |  | 294 |  |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | 2 |  | 38 |  |  | 15 |  |  | 22 |  |  | 43 |  |
Equity contracts |  | 2 |  | 7 |  |  | 68 |  |  | 4 |  |  | 27 |  |
Total |  |  |  | $ | 13,752 |  |  | $ | 608 |  |  | $ | 8,386 |  |  | $ | 726 |  |
(1)Included within cash and cash equivalents in the Consolidated Balance Sheet. (2)Available-for-sale debt securities with carrying values that approximate fair value. (3)Term deposits, government securities and corporate securities that are reported within marketable securities in the Consolidated Balance Sheet. The March 31, 2025 balance includes proceeds from the first-quarter 2025 debt issuances. See note 12, “Borrowings,” for additional information. (4)Includes a $100 million seller financing loan in connection with the divestiture in the first-quarter 2024 of The Weather Company assets, reported within investments and sundry assets in the Consolidated Balance Sheet. (5)The gross balances of derivative assets contained within prepaid expenses and other current assets, and investments and sundry assets in the Consolidated Balance Sheet at March 31, 2025 were $264 million and $125 million, respectively, and at December 31, 2024 were $575 million and $96 million, respectively. (6)The gross balances of derivative liabilities contained within other accrued expenses and liabilities, and other liabilities in the Consolidated Balance Sheet at March 31, 2025 were $276 million and $332 million, respectively, and at December 31, 2024 were $262 million and $463 million, respectively. N/A – not applicable

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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