INVESTMENTS (Tables)
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12 Months Ended |
Dec. 31, 2019 |
Dec. 31, 2018 |
| Investments Disclosure [Abstract] |
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| Carrying value of equity securities by balance sheet location [Table Text Block] |
he carrying values of our equity securities were included in the following line items in our consolidated balance sheets (in millions):
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Fair Value with Changes Recognized in Income |
|
Measurement Alternative — No Readily Determinable Fair Value |
|
December 31, 2019 |
|
|
Marketable securities |
$ |
329 |
|
$ |
— |
|
Other investments |
772 |
|
82 |
|
Other assets |
1,118 |
|
— |
|
Total equity securities |
$ |
2,219 |
|
$ |
82 |
|
December 31, 2018 |
|
|
Marketable securities |
$ |
278 |
|
$ |
— |
|
Other investments |
787 |
|
80 |
|
Other assets |
869 |
|
— |
|
Total equity securities |
$ |
1,934 |
|
$ |
80 |
|
|
|
| Unrealized Gain (Loss) on Investments [Table Text Block] |
The calculation of net unrealized gains and losses recognized during the year related to equity securities still held at the end of the year is as follows (in millions):
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Year Ended December 31, |
2019 |
|
2018 |
|
Net gains (losses) recognized during the year related to equity securities |
$ |
218 |
|
$ |
(250 |
) |
|
Less: Net gains (losses) recognized during the year related to equity securities sold during the
year
|
27 |
|
8 |
|
|
Net unrealized gains (losses) recognized during the year related to equity securities still held
at the end of the year
|
$ |
191 |
|
$ |
(258 |
) |
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| Equity securities by security type [Table Text Block] |
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| Fair value of equity securities by balance sheet location [Table Text Block] |
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| Schedule of Realized Gain (Loss) [Table Text Block] |
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The sale and/or maturity of available-for-sale equity securities resulted in the following realized activity (in millions):
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Year Ended
December 31, 2017
|
|
Gross gains |
$ |
61 |
|
Gross losses |
(19 |
) |
Proceeds |
275 |
|
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| Schedule of debt securities [Table Text Block] |
Our debt securities consisted of the following (in millions):
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Gross Unrealized |
Estimated Fair Value |
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Cost |
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Gains |
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Losses |
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December 31, 2019 |
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|
|
|
Trading securities |
$ |
46 |
|
$ |
1 |
|
$ |
— |
|
$ |
47 |
|
Available-for-sale securities |
3,172 |
|
113 |
|
(4 |
) |
3,281 |
|
Total debt securities |
$ |
3,218 |
|
$ |
114 |
|
$ |
(4 |
) |
$ |
3,328 |
|
December 31, 2018 |
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|
|
|
Trading securities |
$ |
45 |
|
$ |
— |
|
$ |
(1 |
) |
$ |
44 |
|
Available-for-sale securities |
4,901 |
|
119 |
|
(27 |
) |
4,993 |
|
Total debt securities |
$ |
4,946 |
|
$ |
119 |
|
$ |
(28 |
) |
$ |
5,037 |
|
|
|
| Fair value of debt securities by balance sheet location [Table Text Block] |
The carrying values of our debt securities were included in the following line items in our consolidated balance sheets (in millions):
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December 31, 2019 |
|
December 31, 2018 |
|
Trading Securities |
|
Available-for-Sale Securities |
|
|
Trading Securities |
|
Available-for-Sale Securities |
|
Cash and cash equivalents |
$ |
— |
|
$ |
123 |
|
|
$ |
— |
|
$ |
— |
|
Marketable securities |
47 |
|
2,852 |
|
|
44 |
|
4,691 |
|
Other assets |
— |
|
306 |
|
|
— |
|
302 |
|
Total debt securities |
$ |
47 |
|
$ |
3,281 |
|
|
$ |
44 |
|
$ |
4,993 |
|
|
|
| Investments Classified by Contractual Maturity Date [Table Text Block] |
The contractual maturities of these available-for-sale debt securities as of December 31, 2019 were as follows (in millions):
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|
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|
Cost |
|
Estimated
Fair Value |
|
Within 1 year |
$ |
1,943 |
|
$ |
1,982 |
|
After 1 year through 5 years |
970 |
|
1,022 |
|
After 5 years through 10 years |
72 |
|
84 |
|
After 10 years |
187 |
|
193 |
|
Total |
$ |
3,172 |
|
$ |
3,281 |
|
|
|
| Realized Gain (Loss) on Investments [Table Text Block] |
The sale and/or maturity of available-for-sale debt securities resulted in the following realized activity (in millions):
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|
|
|
|
|
|
|
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|
Year Ended December 31, |
2019 |
|
2018 |
|
2017 |
|
Gross gains |
$ |
39 |
|
$ |
22 |
|
$ |
7 |
|
Gross losses |
(8 |
) |
(27 |
) |
(13 |
) |
Proceeds |
3,956 |
|
13,710 |
|
13,930 |
|
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|