XML 39 R24.htm IDEA: XBRL DOCUMENT v3.24.2.u1
INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Marketable Securities
Gains and losses recognized in other (expense) income, net on our marketable equity securities were as follows:
In millionsQ2 2024Q2 2023YTD 2024YTD 2023
Net losses recognized during the period on marketable equity securities
$(330)$— $(329)$(2)
Less: Net gains (losses) recognized during the period on marketable equity securities sold during the period
— 1 — (2)
Net unrealized losses recognized during the period on marketable equity securities still held at the reporting date
$(330)$(1)$(329)$— 
Schedule of Hierarchy for Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents the hierarchy for assets and liabilities measured at fair value on a recurring basis:
June 30, 2024December 31, 2023
In millionsLevel 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets:
Money market funds (cash equivalents)$724 $— $— $724 $774 $— $— $774 
Marketable equity securities74 — — 74 6 — — 6 
Helix contingent value right— — 79 79 — — 68 68 
Deferred compensation plan assets— 67 — 67 — 61 — 61 
Total assets measured at fair value$798 $67 $79 $944 $780 $61 $68 $909 
Liabilities:
Contingent consideration liabilities$— $— $131 $131 $— $— $387 $387 
Deferred compensation plan liability— 63 — 63 — 59 — 59 
Total liabilities measured at fair value$— $63 $131 $194 $— $59 $387 $446 
Schedule of Changes in Estimated Fair Value of Acquisition Related Contingent Consideration Liabilities Changes in the fair value of the Helix contingent value right, included in other (expense) income, net during YTD 2024 were as follows:
In millions
Balance as of December 31, 2023 (included in other assets)$68 
Change in estimated fair value11 
Balance as of June 30, 2024 (included in prepaid expenses and other current assets)$79 
Changes in the estimated fair value of our contingent consideration liabilities during YTD 2024 were as follows:
In millions
Balance as of December 31, 2023$387 
Change in estimated fair value(255)
Cash payments
(1)
Balance as of June 30, 2024$131