INVESTMENTS (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| Investments, Debt and Equity Securities [Abstract] |
|
| Carrying value of equity securities by balance sheet location |
The carrying values of our equity securities were included in the following line items in our consolidated balance sheets (in millions):
|
|
|
|
|
|
|
|
|
|
Fair Value with Changes Recognized in Income |
Measurement Alternative —
No Readily Determinable
Fair Value |
| December 31, 2024 |
|
|
| Marketable securities |
$ |
418
|
|
$ |
—
|
|
|
|
|
| Other noncurrent assets |
1,616
|
|
40
|
|
| Total equity securities |
$ |
2,034
|
|
$ |
40
|
|
| December 31, 2023 |
|
|
| Marketable securities |
$ |
345 |
|
$ |
— |
|
|
|
|
| Other noncurrent assets |
1,661 |
|
42 |
|
| Total equity securities |
$ |
2,006 |
|
$ |
42 |
|
|
| 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):
|
|
|
|
|
|
|
|
|
| Year Ended December 31, |
2024 |
2023 |
| Net gains (losses) recognized during the year related to equity securities |
$ |
323
|
|
$ |
371 |
|
|
Less: Net gains (losses) recognized during the year related to equity securities sold during
the year
|
106
|
|
52 |
|
Net unrealized gains (losses) recognized during the year related to equity securities still held at
the end of the year |
$ |
217
|
|
$ |
319 |
|
|
| Schedule of available-for-sale and trading securities |
Our debt securities consisted of the following (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Unrealized |
Estimated
Fair Value |
|
Cost |
Gains |
Losses |
| December 31, 2024 |
|
|
|
|
Trading securities |
$ |
45
|
|
$ |
1
|
|
$ |
(1) |
|
$ |
45
|
|
Available-for-sale securities |
1,728
|
|
21
|
|
(118) |
|
1,631
|
|
Total debt securities |
$ |
1,773
|
|
$ |
22
|
|
$ |
(119) |
|
$ |
1,676
|
|
| December 31, 2023 |
|
|
|
|
Trading securities |
$ |
43 |
|
$ |
— |
|
$ |
(2) |
|
$ |
41 |
|
Available-for-sale securities |
1,136 |
|
26 |
|
(28) |
|
1,134 |
|
Total debt securities |
$ |
1,179 |
|
$ |
26 |
|
$ |
(30) |
|
$ |
1,175 |
|
|
| Carrying values of debt securities by balance sheet location |
The carrying values of our debt securities were included in the following line items in our consolidated balance sheets (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
December 31, 2023 |
|
Trading Securities |
Available-for-Sale Securities |
|
Trading Securities |
Available-for-Sale Securities |
|
|
|
|
|
|
| Marketable securities |
$ |
45
|
|
$ |
1,260
|
|
|
$ |
41 |
|
$ |
914 |
|
| Other noncurrent assets |
—
|
|
371
|
|
|
— |
|
220 |
|
| Total debt securities |
$ |
45
|
|
$ |
1,631
|
|
|
$ |
41 |
|
$ |
1,134 |
|
|
| Contractual maturities of available-for-sale debt securities |
The contractual maturities of these available-for-sale debt securities as of December 31, 2024 were as follows (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost |
Estimated
Fair Value |
|
|
|
| Within 1 year |
$ |
299 |
|
$ |
296 |
|
|
|
|
| After 1 year through 5 years |
1,217 |
|
1,132 |
|
|
|
|
| After 5 years through 10 years |
35 |
|
42 |
|
|
|
|
| After 10 years |
177 |
|
161 |
|
|
|
|
| Total |
$ |
1,728 |
|
$ |
1,631 |
|
|
|
|
|
| Schedule of Realized Gain (Loss) [Table Text Block] |
The sale and/or maturity of available-for-sale debt securities resulted in the following realized activity (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
| Year Ended December 31, |
2024 |
2023 |
2022 |
| Gross gains |
$ |
14
|
|
$ |
3 |
|
$ |
5 |
|
| Gross losses |
(12) |
|
(10) |
|
(136) |
|
| Proceeds |
709
|
|
361 |
|
1,498 |
|
|