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v3.22.2.2

Investments | 9 Months Ended
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Sep. 30, 2022
Investments |
Investments | 4. Investments Investments Investments and securities sold, not yet purchased consist of equities, bonds, bank debt and other corporate obligations, all of which are reported at fair value in our condensed consolidated balance sheets. In addition, our Investment segment has certain derivative transactions which are discussed in Note 6, “Financial Instruments.” The carrying value and detail by security type, including business sector for equity securities, with respect to investments and securities sold, not yet purchased held by our Investment segment consist of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
​ |  | 2022 |  | 2021
​ | ​ | (in millions)
Assets | ​ | ​ | ​ | ​ | ​ | ​
Investments: |  | ​ |  |  | ​ |
Equity securities: |  | ​ |  |  | ​ |
Communications | ​ | $ | 317 | ​ | $ | 352
Consumer, cyclical | ​ |  | 666 | ​ |  | 1,281
Energy | ​ |  | 1,067 | ​ |  | 3,184
Utilities | ​ |  | 1,163 | ​ |  | 992
Healthcare | ​ |  | 341 | ​ |  | 1,009
Technology | ​ |  | 634 | ​ |  | 931
Materials | ​ |  | 143 | ​ |  | 194
Industrial | ​ |  | 418 | ​ |  | 895
​ | ​ |  | 4,749 | ​ |  | 8,838
Corporate debt securities | ​ |  | 37 | ​ |  | 114
​ | ​ | $ | 4,786 | ​ | $ | 8,952
Liabilities | ​ |  |  | ​ |  |
Securities sold, not yet purchased, at fair value: | ​ |  |  | ​ |  |
Equity securities: | ​ |  |  | ​ |  |
Consumer, non-cyclical | ​ | $ | 753 | ​ | $ | —
Consumer, cyclical | ​ | ​ | 499 | ​ | ​ | 848
Energy | ​ |  | 2,180 | ​ |  | 2,028
Utilities | ​ |  | 818 | ​ |  | 659
Healthcare | ​ |  | 319 | ​ |  | 1,049
Materials | ​ |  | 372 | ​ |  | 365
Industrial | ​ | ​ | 284 | ​ | ​ | 391
​ | ​ | ​ | 5,225 | ​ | ​ | 5,340
Corporate debt securities | ​ | ​ | 157 | ​ | ​ | —
​ | ​ | $ | 5,382 | ​ | $ | 5,340
​ The portion of unrealized (losses) and gains that relates to securities still held by our Investment segment, primarily equity securities, was $(250) million and $(204) million for the three months ended September 30, 2022 and 2021, respectively, and $(1,172) million and $1,384 million for the nine months ended September 30, 2022 and 2021, respectively. Other Segments and Holding Company With the exception of certain equity method investments at our operating subsidiaries and our Holding Company disclosed in the table below, our investments are measured at fair value in our condensed consolidated balance sheets. The carrying value of investments held by our other segments and our Holding Company consist of the following: ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
​ |  | 2022 |  | 2021
​ | ​ | (in millions)
Equity method investments | ​ | $ | 77 | ​ | $ | 79
Other investments measured at fair value | ​ |  | 14 | ​ |  | 120
​ | ​ | $ | 91 | ​ | $ | 199
​ The portion of unrealized gains and (losses) that relates to equity securities still held by our other segments and Holding Company was zero and $(86) million for each of the three months ended September 30, 2022 and 2021, respectively, and $61 and $(42) million for the nine months ended September 30, 2022 and 2021, respectively.

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