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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2023
Fair Value Measurements  
Assets measured at fair value on a recurring basis

September 30, 2023

December 31, 2022

    

Level 1

    

Level 2

    

Level 3

    

Total

    

Level 1

    

Level 2

    

Level 3

    

Total

(in millions)

Assets

Investments (Note 5)

$

3,056

$

90

$

42

$

3,188

$

5,538

$

1,142

$

42

$

6,722

Derivative assets, net (Note 7)

 

 

127

 

 

127

 

 

805

 

 

805

$

3,056

$

217

$

42

$

3,315

$

5,538

$

1,947

$

42

$

7,527

Liabilities

Securities sold, not yet purchased (Note 5)

$

3,635

$

166

$

$

3,801

$

6,326

$

169

$

$

6,495

Derivative liabilities, net (Note 7)

 

56

 

759

 

 

815

 

 

691

 

 

691

RFS obligations (Note 18)

 

 

413

 

 

413

 

 

692

 

 

692

$

3,691

$

1,338

$

$

5,029

$

6,326

$

1,552

$

$

7,878