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

September 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)

$

2,406

$

32

$

41

$

2,479

$

2,730

$

129

$

42

$

2,901

Derivative assets, net (Note 7)

 

 

43

 

 

43

 

 

64

 

 

64

$

2,406

$

75

$

41

$

2,522

$

2,730

$

193

$

42

$

2,965

Liabilities

Securities sold, not yet purchased (Note 5)

$

1,998

$

681

$

$

2,679

$

3,288

$

185

$

$

3,473

Derivative liabilities, net (Note 7)

 

 

685

 

 

685

 

 

979

 

 

979

RFS obligations (Note 18)

 

 

374

 

 

374

 

 

329

 

 

329

$

1,998

$

1,740

$

$

3,738

$

3,288

$

1,493

$

$

4,781