XML 41 R28.htm IDEA: XBRL DOCUMENT v3.22.1

CASH AND INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2022

Marketable Securities [Abstract]

Available-for-sale Securities

The following is a summary of marketable securities classified as trading and available-for-sale as of March 31, 2022 and December 31, 2021 (in millions):

			Cost						Unrealized Gains						Unrealized Losses						Estimated Fair Value
March 31, 2022:
Current trading marketable securities:
Equity securities			$	2					$	—					$	—					$	2
Total trading marketable securities			2						—						—						2
Current available-for-sale securities:
U.S. government and agency debt securities			203						—						(4)						199
Mortgage and asset-backed debt securities			6						—						—						6
Corporate debt securities			125						—						(3)						122
U.S. state and local municipal debt securities			5						—						—						5
Non-U.S. government debt securities			3						—						—						3
Total available-for-sale marketable securities			342						—						(7)						335
Total current marketable securities			$	344					$	—					$	(7)					$	337
			Cost						Unrealized Gains						Unrealized Losses						Estimated Fair Value
December 31, 2021:
Current trading marketable securities:
Equity securities			$	2					$	—					$	—					$	2
Total trading marketable securities			2						—						—						2
Current available-for-sale securities:
U.S. government and agency debt securities			199						2						(1)						200
Mortgage and asset-backed debt securities			7						—						—						7
Corporate debt securities			121						—						—						121
U.S. state and local municipal debt securities			5						—						—						5
Non-U.S. government debt securities			3						—						—						3
Total available-for-sale marketable securities			335						2						(1)						336
Total current marketable securities			$	337					$	2					$	(1)					$	338

Investments Classified by Contractual Maturity Date

The amortized cost and estimated fair value of marketable securities as of March 31, 2022 by contractual maturity are shown below (in millions). Actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations with or without prepayment penalties.

			Cost						Estimated Fair Value
Due in one year or less			$	34					$	34
Due after one year through three years			307						300
Due after three years through five years			1						1
Due after five years			—						—
			342						335
Equity securities			2						2
			$	344					$	337

Cash and Cash Equivalents and Restricted Cash

A reconciliation of cash and cash equivalents and restricted cash from the consolidated balance sheets to the statements of consolidated cash flows is shown below (in millions):

						March 31, 2022						December 31, 2021						March 31, 2021
Cash and cash equivalents						$	12,208					$	10,255					$	7,731
Restricted cash						—						—						—
Total cash, cash equivalents and restricted cash						$	12,208					$	10,255					7,731

Fair Value, Assets Measured on Recurring Basis

The following table presents information about our investments measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value (in millions):

			Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Balance
March 31, 2022:
Marketable Securities:
U.S. government and agency debt securities			$	199					$	—					$	—					$	199
Mortgage and asset-backed debt securities			—						6						—						6
Corporate debt securities			—						122						—						122
U.S. state and local municipal debt securities			—						5						—						5
Equity securities			—						2						—						2
Non-U.S. government debt securities			—						3						—						3
Total marketable securities			199						138						—						337
Other non-current investments			21						—						—						21
Total			$	220					$	138					$	—					$	358

December 31, 2021:
Marketable Securities:
U.S. government and agency debt securities			$	200					$	—					$	—					$	200
Mortgage and asset-backed debt securities			—						7						—						7
Corporate debt securities			—						121						—						121
U.S. state and local municipal debt securities			—						5						—						5
Equity securities			—						2						—						2
Non-U.S. government debt securities			—						3						—						3
Total marketable securities			200						138						—						338
Other non-current investments			23						—						—						23
Total			$	223					$	138					$	—					$	361

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

+ Details

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

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

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

X

- References

No definition available.

+ Details

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

X

- Definition

Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.

+ References

No definition available.

+ Details

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

X

- Definition

Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(1)(a))
-URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=123431023&loc=SL98516268-108586

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

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