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Investments of Insurance Subsidiaries (Tables)
12 Months Ended
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments

A summary of the insurance subsidiaries’ investments at December 31 follows (dollars in millions):

 

 

 

2022

 

 

 

 

 

 

Unrealized
Amounts

 

 

 

 

 

 

Amortized
Cost

 

 

Gains

 

 

Losses

 

 

Fair
Value

 

Debt securities

 

$

415

 

 

$

 

 

$

(38

)

 

$

377

 

Money market funds and other

 

 

96

 

 

 

 

 

 

 

 

 

96

 

 

 

$

511

 

 

$

 

 

$

(38

)

 

 

473

 

Amounts classified as current assets

 

 

 

 

 

 

 

 

 

 

 

(92

)

Investment carrying value

 

 

 

 

 

 

 

 

 

 

$

381

 

 

 

 

2021

 

 

 

 

 

 

Unrealized
Amounts

 

 

 

 

 

 

Amortized
Cost

 

 

Gains

 

 

Losses

 

 

Fair
Value

 

Debt securities

 

$

400

 

 

$

18

 

 

$

(2

)

 

$

416

 

Money market funds and other

 

 

125

 

 

 

 

 

 

 

 

 

125

 

 

 

$

525

 

 

$

18

 

 

$

(2

)

 

 

541

 

Amounts classified as current assets

 

 

 

 

 

 

 

 

 

 

 

(103

)

Investment carrying value

 

 

 

 

 

 

 

 

 

 

$

438

 

Schedule of Maturities of Investments

Scheduled maturities of investments in debt securities at December 31, 2022 were as follows (dollars in millions):

 

 

 

Amortized
Cost

 

 

Fair
Value

 

Due in one year or less

 

$

31

 

 

$

31

 

Due after one year through five years

 

 

121

 

 

 

116

 

Due after five years through ten years

 

 

185

 

 

 

161

 

Due after ten years

 

 

78

 

 

 

69

 

 

 

$

415

 

 

$

377