XML 104 R78.htm IDEA: XBRL DOCUMENT v3.22.0.1
Financial Instruments - Investments - Unrealized Gains and Losses Related to Equity Securities (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Financial Instruments [Abstract]      
Net (gains)/losses recognized during the period on investments in equity securities [1],[2] $ (1,344) $ (540) $ (454)
Less: Net (gains)/losses recognized during the period on equity securities sold during the period (80) (24) (25)
Net unrealized (gains)/losses during the reporting period on equity securities still held at the reporting date [3] $ (1,264) $ (515) $ (429)
[1] Reported in Other (income)/deductions––net. See Note 4.
[2] (b)2021 gains include, among other things, unrealized gains of $1.6 billion related to investments in BioNTech and Cerevel. 2020 gains included, among other things, unrealized gains of $405 million related to investments in BioNTech and SpringWorks Therapeutics, Inc. (SpringWorks). 2019 gains included, among other things, unrealized gains of $295 million related to investments in Cortexyme, Inc. and SpringWorks.
[3] Included in net unrealized gains are observable price changes on equity securities without readily determinable fair values. As of December 31, 2021, there were cumulative impairments and downward adjustments of $97 million and upward adjustments of $156 million. Impairments, downward and upward adjustments were not significant in 2021, 2020 and 2019