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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping
Fair values of financial instruments on the unaudited condensed consolidated balance sheets:
March 31, 2025
(in millions)Level 1Level 2
Level 3
Total
Assets
Marketable securities
U.S. government and agency securities$311 $ $ $311 
Equity mutual funds7   7 
Asset-backed securities 170 3 173 
Mortgage-backed securities 174  174 
Corporate notes and bonds 737  737 
Municipal securities and other 18  18 
Total Marketable securities$318 $1,099 $3 $1,420 
December 31, 2024
(in millions)Level 1Level 2Level 3Total
Assets
Marketable securities
U.S. government and agency securities$292 $— $— $292 
Equity mutual funds— — 
Asset-backed securities— 127 134 
Mortgage-backed securities— 112 — 112 
Corporate notes and bonds— 696 698 
Municipal securities and other
— 31 — 31 
Total Marketable securities$299 $966 $$1,274 
Fixed-rate debt on the unaudited condensed consolidated balance sheets and the estimated fair value of long-term fixed-rate debt:
(in millions)March 31, 2025December 31, 2024
Fixed-rate debt$2,851 $2,946 
Estimated fair value$2,790 $2,844 
Schedule of Debt Investment Maturities
Maturities for marketable securities:
March 31, 2025 (in millions)
Cost BasisFair Value
Due in one year or less$427 $427 
Due after one year through five years858 851 
Due after five years through ten years132 130 
Due after ten years
No maturity date
Total$1,428 $1,420