XML 54 R41.htm IDEA: XBRL DOCUMENT v3.25.4
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Measurements  
Schedule of assets and liabilities measured at fair value on a recurring basis

December 31, 2025

December 31, 2024

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

(in millions)

Assets

Investments (Note 5)

$

2,108

$

$

41

$

2,149

$

2,203

$

31

$

41

$

2,275

Derivative assets, net (Note 7)

 

 

7

 

 

7

 

 

22

 

 

22

$

2,108

$

7

$

41

$

2,156

$

2,203

$

53

$

41

$

2,297

Liabilities

Securities sold, not yet purchased (Note 5)

$

1,382

$

$

$

1,382

$

1,153

$

220

$

$

1,373

Derivative liabilities, net (Note 7)

 

 

595

 

 

595

 

6

 

750

 

 

756

Other liabilities

 

 

72

 

 

72

 

 

323

 

 

323

$

1,382

$

667

$

$

2,049

$

1,159

$

1,293

$

$

2,452