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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on Recurring Basis
The following tables present our financial assets and financial liabilities that were measured at fair value on a recurring basis as of December 31, 2022 and December 31, 2021.
 
December 31, 2022
 
Total
Level 1
Level 2
Level 3
(in millions)
European government debt securities
$147 $147 $— $— 
Corporate debt securities
— — 
State-owned enterprises and municipal securities
— — 
Swedish mortgage bonds
20 — 20 — 
Total assets at fair value$181 $147 $34 $— 
December 31, 2021
Total
Level 1
Level 2
Level 3
(in millions)
European government debt securities
$144 $144 $— $— 
Corporate debt securities
20 — 20 — 
State-owned enterprises and municipal securities
11 — 11 — 
Swedish mortgage bonds
21 — 21 — 
Time deposits12 — 12 — 
Total assets at fair value$208 $144 $64 $—