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Cash and Marketable Securities (Tables)
12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Summary Of Amortized Cost Fair Value And Gross Unrealized Gains And Losses Of Marketable Securities

The amortized cost, fair value and gross unrealized gains and losses of our marketable securities are as follows:

 

(In millions)

 

 

Amortized Cost

 

 

Gross Unrealized Gain

 

 

Gross Unrealized Losses

 

 

Fair Value

 

As of December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

$

 

12

 

 

$

 

 

 

$

 

 

 

$

 

12

 

Corporate bonds

 

 

 

 

14

 

 

 

 

 

 

 

 

 

 

 

 

14

 

Mortgage-backed securities

 

 

 

 

12

 

 

 

 

 

 

 

 

 

 

 

 

12

 

U.S. government and municipal obligations

 

 

 

 

14

 

 

 

 

 

 

 

 

 

 

 

 

14

 

Total assets

 

 

$

 

53

 

 

$

 

 

 

$

 

 

 

$

 

53

 

 

Summary OfAmortized Cost Fair Value And Gross Unrealized Gains And Losses Of Marketable Securities By Contractual Maturity The amortized cost, fair value and gross unrealized gains and losses of our marketable securities by contractual maturity are as follows:

 

 

 

As of
December 31, 2024

 

(In millions)

 

Amortized Cost

 

 

Fair Value

 

Due to mature

 

 

 

 

 

 

 

 

One year or less

 

$

 

15

 

 

$

 

15

 

After one year through five years

 

 

 

16

 

 

 

 

16

 

After five years through ten years

 

 

 

8

 

 

 

 

8

 

After ten years

 

 

 

2

 

 

 

 

2

 

Mortgage-backed securities

 

 

 

12

 

 

 

 

12

 

Total marketable securities

 

$

 

53

 

 

$

 

53