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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets Measured on Recurring Basis

Our financial instruments measured at fair value on a recurring basis at December 31, 2024, were as follows:

			Total						Level 1						Level 2						Level 3
			(In millions)
Corporate debt securities			$	2,744					$	—					$	2,744					$	—
Mortgage-backed securities			914						—						914						—
Asset-backed securities			431						—						431						—
Municipal securities			183						—						183						—
U.S. Treasury notes			5						—						5						—
Other			48						—						48						—
Total assets			$	4,325					$	—					$	4,325					$	—

Our financial instruments measured at fair value on a recurring basis at December 31, 2023, were as follows:

			Total						Level 1						Level 2						Level 3
			(In millions)
Corporate debt securities			$	2,732					$	—					$	2,732					$	—
Mortgage-backed securities			911						—						911						—
Asset-backed securities			365						—						365						—
Municipal securities			166						—						166						—
U.S. Treasury notes			40						—						40						—
Other			45						—						45						—
Total assets			$	4,259					$	—					$	4,259					$	—

Schedule of Fair Value Measurements of Senior Notes

			December 31, 2024												December 31, 2023
			Carrying Amount						Fair Value						Carrying Amount						Fair Value
			(In millions)
4.375% Notes due 2028			$	795					$	759					$	794					$	757
3.875% Notes due 2030			645						578						644						583
3.875% Notes due 2032			743						648						742						654
6.250% Notes due 2033			740						741						—						—
Total			$	2,923					$	2,726					$	2,180					$	1,994

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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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X

- References

No definition available.

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X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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