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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Financial instruments measured at fair value on a recurring basis
Financial instruments measured at fair value on a recurring basis as of September 30, 2017 and December 31, 2016 are as follows (in millions):
 
As of September 30, 2017
 
As of December 31, 2016
 
Level 1
 
Level 2 and 3
 
Total
 
Level 1
 
Level 2 and 3
 
Total
Assets at fair value:
 
 
 
 
 
 
 
 
 
 
 
Long-term investment in equity securities
$

 
$

 
$

 
$
432

 
$

 
$
432

U.S. Treasury securities
734

 

 
734

 
500

 

 
500

Mutual Funds
16

 

 
16

 
23

 

 
23

Total assets at fair value
$
750

 
$

 
$
750

 
$
955

 
$

 
$
955