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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2024
Fair Value Measurements  
Assets measured at fair value on a recurring basis

June 30, 2024

December 31, 2023

    

Level 1

    

Level 2

    

Level 3

    

Total

    

Level 1

    

Level 2

    

Level 3

    

Total

(in millions)

Assets

Investments (Note 5)

$

2,129

$

29

$

41

$

2,199

$

2,730

$

129

$

42

$

2,901

Derivative assets, net (Note 7)

 

 

53

 

 

53

 

 

64

 

 

64

$

2,129

$

82

$

41

$

2,252

$

2,730

$

193

$

42

$

2,965

Liabilities

Securities sold, not yet purchased (Note 5)

$

2,065

$

63

$

$

2,128

$

3,288

$

185

$

$

3,473

Derivative liabilities, net (Note 7)

 

 

948

 

 

948

 

 

979

 

 

979

RFS obligations (Note 18)

 

 

312

 

 

312

 

 

329

 

 

329

$

2,065

$

1,323

$

$

3,388

$

3,288

$

1,493

$

$

4,781