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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping
Fair values of financial instruments on the consolidated balance sheet:
December 31, 2025
(in millions)
Level 1Level 2
Level 3
Total
Assets
Marketable securities
U.S. government and agency securities$371 $ $ $371 
Equity mutual funds8   8 
Asset-backed securities 231  231 
Mortgage-backed securities 211  211 
Corporate notes and bonds 663  663 
Municipal securities and other
 12  12 
Total Marketable securities$379 $1,117 $ $1,496 

December 31, 2024
(in millions)
Level 1Level 2
Level 3
Total
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 consolidated balance sheet and the estimated fair value of long-term fixed-rate debt:
(in millions)
December 31, 2025December 31, 2024
Fixed-rate debt$2,761 $2,946 
Estimated fair value$2,756 $2,844 
Schedule of Debt Investment Maturities
Maturities for marketable securities:
December 31, 2025 (in millions)
Cost BasisFair Value
Due in one year or less$354 $354 
Due after one year through five years974 979 
Due after five years through ten years152 153 
Due after ten years
No maturity date
Total$1,487 $1,496