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Marketable Securities
3 Months Ended
Mar. 31, 2024
Debt Securities, Available-for-Sale [Abstract]  
Marketable Securities
NOTE 10. Marketable Securities
The Company invests in certificates of deposit/time deposits, commercial paper, and other securities. The following is a summary of amounts recorded on the Consolidated Balance Sheet for marketable securities (current and non-current).
(Millions)March 31, 2024December 31, 2023
Certificates of deposit/time deposits $56 $49 
U.S. municipal securities4 
Current marketable securities60 53 
U.S. municipal securities 20 20 
Non-current marketable securities20 20 
Total marketable securities$80 $73 
At March 31, 2024 and December 31, 2023, gross unrealized, gross realized, and net realized gains and/or losses (pre-tax) were not material.
The balances at March 31, 2024 for marketable securities by contractual maturity are shown below. Actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties.
(Millions) 
Due in one year or less $60 
Due after one year through five years 11 
Due after five years through ten years
Total marketable securities $80