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Financial Assets & Liabilities (Tables)
 6 Months Ended
Jun. 30, 2024
Investments, All Other Investments [Abstract]  
Financial assets and financial liabilities measured at fair value on a recurring basis
The following table presents the company’s financial assets and financial liabilities that are measured at fair value on a recurring basis at June 30, 2024 and December 31, 2023.
Fair Value
Hierarchy
Level		At June 30, 2024At December 31, 2023
(Dollars in millions)
Assets (6)
Liabilities (7)
Assets (6)
Liabilities (7)
Cash equivalents: (1)
Time deposits and certificates of deposit (2)
2$5,307 N/A$7,206 N/A
Money market funds1471 N/A 494 N/A
Total cash equivalents$5,778 N/A$7,699 N/A
Equity investments1— N/A25 N/A
Debt securities-current (2)(3)
21,481 N/A373 N/A
Debt securities-noncurrent (2)(4)
2,3108 N/A8 N/A
Derivatives designated as hedging instruments:
Interest rate contracts2— 419 2 299 
Foreign exchange contracts2402 161 131 275 
Derivatives not designated as hedging instruments:
Foreign exchange contracts (5)
28 33 115 19 
Equity contracts222 10 93 — 
Total$7,799 $624 $8,446 $593 
(1)Included within cash and cash equivalents in the Consolidated Balance Sheet.
(2)Available-for-sale debt securities with carrying values that approximate fair value.
(3)Term deposits and U.S. treasury bills that are reported within marketable securities in the Consolidated Balance Sheet. The June 30, 2024 balance includes proceeds from the first-quarter 2024 debt issuance. Refer to note 12, “Borrowings,” for additional information.
(4)June 30, 2024 amount includes a $100 million seller financing loan in connection with the divestiture of The Weather Company assets reported within investments and sundry assets in the Consolidated Balance Sheet. Refer to note 5, "Acquisitions & Divestitures," for additional information.
(5)December 31, 2023 asset amount includes $62 million in foreign exchange call option contracts in connection with the acquisition of StreamSets and webMethods from Software AG. There were no associated derivatives outstanding at June 30, 2024. Refer to note 16, "Derivative Financial Instruments," for additional information.
(6)The gross balances of derivative assets contained within prepaid expenses and other current assets, and investments and sundry assets in the Consolidated Balance Sheet at June 30, 2024 were $424 million and $8 million, respectively, and at December 31, 2023 were $304 million and $37 million, respectively.
(7)The gross balances of derivative liabilities contained within other accrued expenses and liabilities, and other liabilities in the Consolidated Balance Sheet at June 30, 2024 were $173 million and $450 million, respectively, and at December 31, 2023 were $294 million and $299 million, respectively.
N/A – not applicable