Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Our financial instruments measured at fair value on a recurring basis at June 30, 2023, were as follows:


			Observable Inputs		Directly or Indirectly Observable Inputs		Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)

	(In millions)
Corporate debt securities	$	2,454	$	—	$	2,454	$	—
Mortgage-backed securities	855		—		855		—
Asset-backed securities	321		—		321		—
Municipal securities	152		—		152		—
U.S. Treasury notes	72		—		72		—



Other	32		—		32		—
Total assets	$	3,886	$	—	$	3,886	$	—

Our financial instruments measured at fair value on a recurring basis at December 31, 2022, were as follows:


			Observable Inputs		Directly or Indirectly Observable Inputs		Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)

	(In millions)
Corporate debt securities	$	2,184	$	—	$	2,184	$	—
Mortgage-backed securities	731		—		731		—
Asset-backed securities	288		—		288		—
Municipal securities	149		—		149		—
U.S. Treasury notes	105		—		105		—


Other	42		—		42		—
Total assets	$	3,499	$	—	$	3,499	$	—

Contingent consideration liabilities	$	8	$	—	$	—	$	8
Total liabilities	$	8	$	—	$	—	$	8