XML 25 R13.htm IDEA: XBRL DOCUMENT v3.22.0.1

Available-for-Sale Debt Securities

12 Months Ended

Dec. 31, 2021

Debt Securities, Available-for-sale [Abstract]

Available-for-sale Debt Securities

AVAILABLE-FOR-SALE DEBT SECURITIES

The following table summarizes our available-for-sale debt securities:

						December 31, 2021																								December 31, 2020
(in millions)						Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value						Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value
U.S. treasury securities						$	408					$	—					$	(1)					$	407					$	308					$	1					$	—					$	309
U.S. government agencies securities						4						—						—						4						—						—						—						—
Non-U.S. government securities						50						—						—						50						43						—						—						43
Certificates of deposit						249						—						—						249						216						—						—						216
Corporate debt securities						1,365						—						(2)						1,363						1,140						2						—						1,142
Residential mortgage and asset-backed securities						425						—						(1)						424						316						—						—						316
Total						$	2,501					$	—					$	(4)					$	2,497					$	2,023					$	3					$	—					$	2,026

The following table summarizes the classification of our available-for-sale debt securities in our Consolidated Balance Sheets:

(in millions)						December 31, 2021						December 31, 2020
Cash and cash equivalents						$	6					$	113
Short-term marketable debt securities						1,182						1,411
Long-term marketable debt securities						1,309						502
Total						$	2,497					$	2,026

The following table summarizes our available-for-sale debt securities by contractual maturity:

						December 31, 2021
(in millions)						Amortized Cost						Fair Value
Within one year						$	1,189					$	1,188
After one year through five years						1,288						1,286
After five years						24						23
Total						$	2,501					$	2,497

We held a total of 534 and 75 positions which were in unrealized loss positions as of December 31, 2021 and 2020, respectively. Aggregated gross unrealized losses on available-for-sale debt securities were not material for the years ended December 31, 2021 and 2020. No impairment was recognized for the years ended December 31, 2021, 2020 and 2019.

X

- References

No definition available.

+ Details

Name:	us-gaap_AvailableForSaleSecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2209399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2324412

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2176304

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1403
-Paragraph (b)

+ Details

Name:	us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration