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Other Noncurrent Assets and Liabilities
 12 Months Ended
Dec. 31, 2024
Other Noncurrent Assets And Liabilities [Abstract]  
Other Noncurrent Assets and Liabilities Other Noncurrent Assets and Liabilities
Other noncurrent assets as of December 31, 2024 and 2023, consists of the following (in millions):
 20242023
Accrued accounts receivable and contract assets$606 $468 
Operating lease ROU assets (1)230 214 
Equity security investments191 195 
Customer inducements162 150 
Deferred compensation plan assets161 152 
Derivatives120 172 
Other279 177 
Total Other noncurrent assets$1,749 $1,528 
Other noncurrent liabilities as of December 31, 2024 and 2023, consists of the following (in millions):
 20242023
Derivatives$633 $789 
Operating lease liabilities (1)177 178 
Deferred compensation plan liabilities151 138 
Purchased software with long-term payment arrangements146 17 
Pensions127 110 
Deferred revenue117 149 
Other90 65 
Total Other noncurrent liabilities$1,441 $1,446 

(1)See Note 16, Operating Leases

Equity Security Investments

The Company holds various equity securities without readily determinable fair values. These securities primarily represent strategic investments made by the Company as well as investments obtained through acquisitions. Such investments totaled $191 million and $195 million at December 31, 2024 and 2023, respectively, and are included within Other noncurrent assets on the consolidated balance sheets. The Company accounts for these investments at cost, less impairment, and adjusts the carrying values for observable price changes from orderly transactions for identical or similar investments of the same issuer. These adjustments are generally considered Level 2-type fair value measurements. The Company records realized and unrealized gains and losses on these investments as well as impairment losses, as Other income (expense), net on the consolidated statements of earnings (loss) and recorded net (losses) gains of $(5) million, $(48) million and $(31) million for the years ended December 31, 2024, 2023 and 2022, respectively, related to these investments. The net loss recorded for the 2023 period primarily relates to impairments. The net loss recorded during 2022 included a $78 million impairment loss.