XML 38 R26.htm IDEA: XBRL DOCUMENT v3.25.2

Investments (Tables)

6 Months Ended

Jun. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Investments

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

			June 30, 2025
			Amortized Cost						Gross Unrealized												Estimated Fair Value
									Gains						Losses
			(In millions)
Corporate debt securities			$	2,630					$	28					$	15					$	2,643
Mortgage-backed securities			1,003						6						29						980
Asset-backed securities			425						2						3						424
Municipal securities			197						2						3						196
U.S. Treasury notes			20						—						—						20
Other			48						—						1						47
Total			$	4,323					$	38					$	51					$	4,310

			December 31, 2024
			Amortized Cost						Gross Unrealized												Estimated Fair Value
									Gains						Losses
			(In millions)
Corporate debt securities			$	2,769					$	10					$	35					$	2,744
Mortgage-backed securities			953						2						41						914
Asset-backed securities			435						2						6						431
Municipal securities			188						—						5						183
U.S. Treasury notes			5						—						—						5
Other			50						—						2						48
Total			$	4,400					$	14					$	89					$	4,325

Schedule of Contractual Maturities of Investments

The contractual maturities of our current investments as of June 30, 2025 are summarized below:

			Amortized Cost						Estimated Fair Value
			(In millions)
Due in one year or less			$	602					$	600
Due after one year through five years			1,958						1,966
Due after five years through ten years			578						583
Due after ten years			1,185						1,161
Total			$	4,323					$	4,310

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, 2025:

			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			$	236					$	2					28						$	594					$	13					286
Mortgage-backed securities			165						2						126						359						27						227
Asset-backed securities			—						—						—						107						3						53
Municipal securities			—						—						—						68						3						75
Other			—						—						—						15						1						16
Total			$	401					$	4					154						$	1,143					$	47					657

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, 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			$	811					$	10					541						$	935					$	25					449
Mortgage-backed securities			271						5						197						406						36						244
Asset-backed securities			84						1						48						143						5						73
Municipal securities			38						1						27						95						4						89
Other			—						—						—						15						2						16
Total			$	1,204					$	17					813						$	1,594					$	72					871

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