XML 37 R25.htm IDEA: XBRL DOCUMENT v3.24.2

Investments (Tables)

6 Months Ended

Jun. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Investments

The following tables summarize our current investments as of the dates indicated:

			June 30, 2024
			Amortized Cost						Gross Unrealized												Estimated Fair Value
									Gains						Losses
			(In millions)
Corporate debt securities			$	2,852					$	6					$	57					$	2,801
Mortgage-backed securities			967						2						45						924
Asset-backed securities			392						1						10						383
Municipal securities			193						—						7						186
U.S. Treasury notes			9						—						—						9
Other			46						—						2						44
Total			$	4,459					$	9					$	121					$	4,347

			December 31, 2023
			Amortized Cost						Gross Unrealized												Estimated Fair Value
									Gains						Losses
			(In millions)
Corporate debt securities			$	2,781					$	16					$	65					$	2,732
Mortgage-backed securities			951						4						44						911
Asset-backed securities			376						1						12						365
Municipal securities			172						—						6						166
U.S. Treasury notes			40						—						—						40
Other			47						—						2						45
Total			$	4,367					$	21					$	129					$	4,259

Schedule of Contractual Maturities of Investments

The contractual maturities of our current investments as of June 30, 2024 are summarized below:

			Amortized Cost						Estimated Fair Value
			(In millions)
Due in one year or less			$	666					$	657
Due after one year through five years			2,273						2,225
Due after five years through ten years			452						446
Due after ten years			1,068						1,019
Total			$	4,459					$	4,347

Schedule of Available-for-Sale Investments

The following table segregates those available-for-sale investments that have been in a continuous loss position for less than 12 months, and those that have been in a continuous loss position for 12 months or more as of June 30, 2024:

			In a Continuous Loss Position for Less than 12 Months																		In a Continuous Loss Position for 12 Months or More
			Estimated Fair Value						Unrealized Losses						Total Number of Positions						Estimated Fair Value						Unrealized Losses						Total Number of Positions
			(Dollars in millions)
Corporate debt securities			$	648					$	5					421						$	1,524					$	52					725
Mortgage-backed securities			144						2						117						516						43						314
Asset-backed securities			—						—						—						220						10						104
Municipal securities			—						—						—						113						7						108
Other			—						—						—						22						2						21
Total			$	792					$	7					538						$	2,395					$	114					1,272

The following table segregates those available-for-sale investments that have been in a continuous loss position for less than 12 months, and those that have been in a continuous loss position for 12 months or more as of December 31, 2023:

			In a Continuous Loss Position for Less than 12 Months																		In a Continuous Loss Position for 12 Months or More
			Estimated Fair Value						Unrealized Losses						Total Number of Positions						Estimated Fair Value						Unrealized Losses						Total Number of Positions
			(Dollars in millions)
Corporate debt securities			$	263					$	1					160						$	1,553					$	64					754
Mortgage-backed securities			123						2						98						549						42						283
Asset-backed securities			—						—						—						195						12						91
Municipal securities			—						—						—						117						6						116
Other			—						—						—						17						2						17
Total			$	386					$	3					258						$	2,431					$	126					1,261

X

- Definition

Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479081/326-30-55-8

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-6

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479106/326-30-50-4

+ Details

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

X

- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

+ Details

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