Investments (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Investments

Investments Financial Information

	Year Ended December 31,
	2022
	Xerox
	(in millions)
Net sales/Other revenue from operations	$	7,107
Cost of goods sold/Other expenses from operations		7,435
Net loss		(322)
Net loss attributable to investee shareholders		(322)

Summary of investments

	Voting	Fair Value of				Gains (Losses)
	Interests	Investment				Recognized in Other loss, net
	December 31,	December 31,				Year Ended December 31,
	2023	2023		2022		2023		2022		2021
		(in millions)
Xerox Holding Corporation	0.0%	$	—	$	500	$	60	$	(230)	$	—
		$	—	$	500	$	60	$	(230)	$	—

Summarized Financial Information of Equity Method Investments

		December 31,
		2022
	Xerox
		(in millions)
Total assets	$	11,543
Total liabilities		7,966
Non-controlling interests		10
Equity attributable to investee shareholders		3,343

Investment Segment

Schedule of Investments

Investment

	December 31,
	2023		2022
	(in millions)
Assets
Investments:
Equity securities:
Communications	$	—	$	199
Consumer, cyclical		260		692
Energy		708		909
Utilities		1,012		1,205
Healthcare		440		320
Technology		139		655
Materials		52		153
Industrial		—		486
		2,611		4,619
Debt securities:
Financials		158		1,958
Real Estate		44		131
Communications		85		11
		287		2,100
	$	2,898	$	6,719
Liabilities
Securities sold, not yet purchased, at fair value:
Equity securities:
Consumer, non-cyclical	$	41	$	1,006
Consumer, cyclical		3		352
Energy		2,146		2,690
Utilities		610		813
Healthcare		—		387
Materials		350		598
Industrial		138		480
		3,288		6,326
Debt securities:
Materials		185		169
		185		169
	$	3,473	$	6,495

Other Segments and Holding Company

Schedule of Investments

Investment

	December 31,
	2023		2022
	(in millions)
Equity method investments	$	100	$	76
Held to maturity debt investments measured at amortized cost		11		11
Other investments measured at fair value		3		3
	$	114	$	90