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Investments of Insurance Subsidiaries (Tables)
3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments

A summary of our insurance subsidiaries’ investments at March 31, 2025 and December 31, 2024 follows (dollars in millions):

 

 

March 31, 2025

 

 

 

 

 

Unrealized
Amounts

 

 

 

 

 

Amortized
Cost

 

 

Gains

 

 

Losses

 

 

Fair
Value

 

Debt securities

 

$

372

 

 

$

1

 

 

$

(22

)

 

$

351

 

Money market funds and other

 

 

306

 

 

 

 

 

 

 

 

 

306

 

 

$

678

 

 

$

1

 

 

$

(22

)

 

 

657

 

Amounts classified as current assets

 

 

 

 

 

 

 

 

 

 

 

(107

)

Investment carrying value

 

 

 

 

 

 

 

 

 

 

$

550

 

 

 

December 31, 2024

 

 

 

 

 

Unrealized
Amounts

 

 

 

 

 

Amortized
Cost

 

 

Gains

 

 

Losses

 

 

Fair
Value

 

Debt securities

 

$

388

 

 

$

 

 

$

(27

)

 

$

361

 

Money market funds and other

 

 

296

 

 

 

 

 

 

 

 

 

296

 

 

$

684

 

 

$

 

 

$

(27

)

 

 

657

 

Amounts classified as current assets

 

 

 

 

 

 

 

 

 

 

 

(88

)

Investment carrying value

 

 

 

 

 

 

 

 

 

 

$

569

 

Schedule of Maturities of Investments

Scheduled maturities of investments in debt securities at March 31, 2025 were as follows (dollars in millions):

 

 

Amortized
Cost

 

 

Fair
Value

 

Due in one year or less

 

$

24

 

 

$

24

 

Due after one year through five years

 

 

146

 

 

 

142

 

Due after five years through ten years

 

 

138

 

 

 

125

 

Due after ten years

 

 

64

 

 

 

60

 

 

$

372

 

 

$

351