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Investments (Tables)
3 Months Ended
Mar. 31, 2020
Schedule of Investments [Line Items]  
Summary of investments

Voting

Fair Value of

Gains (Losses)

Interests

Investment

Recognized in Income

March 31, 

March 31, 

December 31, 

Three Months Ended March 31, 

    

2020

2020

    

2019

2020

    

2019

 

(in millions)

Herbalife Nutrition Ltd.

 

23.9%

$

1,027

$

1,343

$

(515)

$

(168)

Hertz Global Holdings, Inc.

 

38.9%

 

342

 

551

 

(335)

 

95

Caesars Entertainment Corporation

 

16.7%

 

772

 

1,243

 

(595)

 

26

$

2,141

$

3,137

$

(1,445)

$

(47)

Investments Financial Information

Three Months Ended March 31, 

    

2020

    

2019

(in millions)

Net sales

$

1,262

$

1,172

Cost of goods sold

246

242

Net income (loss)

46

96

Net income (loss) attributable to shareholders

 

46

 

96

Investment Segment  
Schedule of Investments [Line Items]  
Investments

March 31, 

December 31, 

    

2020

    

2019

(in millions)

Assets

Investments:

 

  

 

  

Equity securities:

 

  

 

  

Basic materials

$

181

$

281

Consumer, non-cyclical

 

1,478

 

2,085

Consumer, cyclical

 

1,881

 

2,427

Energy

 

1,758

 

1,717

Technology

 

2,061

 

2,425

Industrial

 

61

 

127

 

7,420

 

9,062

Corporate debt securities

 

99

 

145

$

7,519

$

9,207

Liabilities

 

  

 

  

Securities sold, not yet purchased, at fair value:

 

  

 

  

Equity securities:

 

  

 

  

Basic materials

$

23

$

209

Consumer, non-cyclical

29

Consumer, cyclical

 

188

 

379

Energy

 

 

124

Financial

 

84

 

152

Technology

 

138

 

217

Communication

 

26

 

80

$

459

$

1,190

Other Segments and Holding Company  
Schedule of Investments [Line Items]  
Investments

March 31, 

December 31, 

    

2020

    

2019

(in millions)

Equity method investments

$

199

$

201

Other investments (measured at fair value)

 

479

 

537

$

678

$

738