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Investments (Tables)
12 Months Ended
Dec. 31, 2024
Schedule of Investments  
Summary of investments

Voting

Fair Value of

Gains (Losses)

Interests

Investment

Recognized in Other loss, net

December 31, 

December 31, 

Year Ended December 31,

    

2024

2024

    

2023

2024

    

2023

    

2022

 

(in millions)

Xerox Holding Corporation

0.0%

$

$

$

$

60

 

$

(230)

$

$

$

$

60

 

$

(230)

Investments Financial Information

Year Ended December 31,

2022

Xerox

(in millions)

Net sales/Other revenue from operations

$

7,107

Cost of goods sold/Other expenses from operations

7,435

Net loss

(322)

Net loss attributable to investee shareholders

 

(322)

Investment Segment  
Schedule of Investments  
Investment

December 31, 

    

2024

    

2023

(in millions)

Assets

Investments:

 

  

 

  

Equity securities:

 

  

 

  

Communications

$

129

$

Consumer, cyclical

 

277

 

260

Energy

 

57

 

708

Utilities

 

792

 

1,012

Healthcare

 

482

 

440

Technology

 

 

139

Materials

 

317

 

52

Industrial

 

187

 

 

2,241

 

2,611

Debt securities:

Financials

158

Real Estate

31

44

Communications

85

 

31

 

287

$

2,272

$

2,898

Liabilities

 

  

 

  

Securities sold, not yet purchased, at fair value:

 

  

 

  

Equity securities:

 

  

 

  

Consumer, non-cyclical

$

$

41

Consumer, cyclical

 

 

3

Energy

 

460

 

2,146

Utilities

 

453

 

610

Materials

 

133

 

350

Industrial

107

138

1,153

3,288

Debt securities:

Communications

220

Materials

185

 

220

 

185

$

1,373

$

3,473

Other Segments and Holding Company  
Schedule of Investments  
Investment

December 31, 

    

2024

    

2023

(in millions)

Equity method investments

$

24

$

100

Held to maturity debt investments measured at amortized cost

11

11

Other investments measured at fair value

 

3

 

3

$

38

$

114