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Investments of Insurance Subsidiaries (Tables)
6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments

A summary of our insurance subsidiaries’ investments at June 30, 2023 and December 31, 2022 follows (dollars in millions):

 

 

June 30, 2023

 

 

 

 

 

Unrealized
Amounts

 

 

 

 

 

Amortized
Cost

 

 

Gains

 

 

Losses

 

 

Fair
Value

 

Debt securities

 

$

413

 

 

$

 

 

$

(36

)

 

$

377

 

Money market funds and other

 

 

106

 

 

 

 

 

 

 

 

 

106

 

 

$

519

 

 

$

 

 

$

(36

)

 

 

483

 

Amounts classified as current assets

 

 

 

 

 

 

 

 

 

 

 

(99

)

Investment carrying value

 

 

 

 

 

 

 

 

 

 

$

384

 

 

 

December 31, 2022

 

 

 

 

 

Unrealized
Amounts

 

 

 

 

 

Amortized
Cost

 

 

Gains

 

 

Losses

 

 

Fair
Value

 

Debt securities

 

$

415

 

 

$

 

 

$

(38

)

 

$

377

 

Money market funds and other

 

 

96

 

 

 

 

 

 

 

 

 

96

 

 

$

511

 

 

$

 

 

$

(38

)

 

 

473

 

Amounts classified as current assets

 

 

 

 

 

 

 

 

 

 

 

(92

)

Investment carrying value

 

 

 

 

 

 

 

 

 

 

$

381

 

Schedule of Maturities of Investments

Scheduled maturities of investments in debt securities at June 30, 2023 were as follows (dollars in millions):

 

 

Amortized
Cost

 

 

Fair
Value

 

Due in one year or less

 

$

23

 

 

$

22

 

Due after one year through five years

 

 

138

 

 

 

131

 

Due after five years through ten years

 

 

166

 

 

 

146

 

Due after ten years

 

 

86

 

 

 

78

 

 

$

413

 

 

$

377