XML 69 R24.htm IDEA: XBRL DOCUMENT
v3.25.3

Fair Value Measurements (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
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 September 30, 2025, were as follows:
|  |  | Observable Inputs |  | Directly or Indirectly Observable Inputs |  | Unobservable Inputs
| Total |  | (Level 1) |  | (Level 2) |  | (Level 3)
| (In millions)
Corporate debt securities | $ | 2,600 |  |  | $ | — |  |  | $ | 2,600 |  |  | $ | — |
Mortgage-backed securities | 982 |  |  | — |  |  | 982 |  |  | — |
Asset-backed securities | 396 |  |  | — |  |  | 396 |  |  | — |
Municipal securities | 178 |  |  | — |  |  | 178 |  |  | — |
U.S. Treasury notes | 22 |  |  | — |  |  | 22 |  |  | — |
Other | 48 |  |  | — |  |  | 48 |  |  | — |
Total assets | $ | 4,226 |  |  | $ | — |  |  | $ | 4,226 |  |  | $ | — |
Our financial instruments measured at fair value on a recurring basis at December 31, 2024, were as follows:
|  |  | Observable Inputs |  | Directly or Indirectly Observable Inputs |  | Unobservable Inputs
| Total |  | (Level 1) |  | (Level 2) |  | (Level 3)
| (In millions)
Corporate debt securities | $ | 2,744 |  |  | $ | — |  |  | $ | 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 |  |  | $ | — |
Schedule of Fair Value Measurements of Senior Notes |
| September 30, 2025 |  | December 31, 2024
| Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
| (In millions)
4.375% Notes due 2028 | $ | 796 |  |  | $ | 781 |  |  | $ | 795 |  |  | $ | 759 |
3.875% Notes due 2030 | 645 |  |  | 602 |  |  | 645 |  |  | 578 |
3.875% Notes due 2032 | 744 |  |  | 680 |  |  | 743 |  |  | 648 |
6.250% Notes due 2033 | 741 |  |  | 758 |  |  | 740 |  |  | 741 |
Term Loans | 738 |  |  | 738 |  |  | — |  |  | — |
Total | $ | 3,664 |  |  | $ | 3,559 |  |  | $ | 2,923 |  |  | $ | 2,726 |

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 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration