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Investments of Insurance Subsidiaries (Tables)
6 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments

A summary of our insurance subsidiaries’ investments at June 30, 2022 and December 31, 2021 follows (dollars in millions):

 

 

 

June 30, 2022

 

 

 

 

 

 

Unrealized
Amounts

 

 

 

 

 

 

Amortized
Cost

 

 

Gains

 

 

Losses

 

 

Fair
Value

 

Debt securities

 

$

413

 

 

$

 

 

$

(26

)

 

$

387

 

Money market funds and other

 

 

106

 

 

 

 

 

 

 

 

 

106

 

 

 

$

519

 

 

$

 

 

$

(26

)

 

 

493

 

Amounts classified as current assets

 

 

 

 

 

 

 

 

 

 

 

(114

)

Investment carrying value

 

 

 

 

 

 

 

 

 

 

$

379

 

 

 

 

December 31, 2021

 

 

 

 

 

 

Unrealized
Amounts

 

 

 

 

 

 

Amortized
Cost

 

 

Gains

 

 

Losses

 

 

Fair
Value

 

Debt securities

 

$

400

 

 

$

18

 

 

$

(2

)

 

$

416

 

Money market funds and other

 

 

125

 

 

 

 

 

 

 

 

 

125

 

 

 

$

525

 

 

$

18

 

 

$

(2

)

 

 

541

 

Amounts classified as current assets

 

 

 

 

 

 

 

 

 

 

 

(103

)

Investment carrying value

 

 

 

 

 

 

 

 

 

 

$

438

 

Schedule of Maturities of Investments

Scheduled maturities of investments in debt securities at June 30, 2022 were as follows (dollars in millions):

 

 

 

Amortized
Cost

 

 

Fair
Value

 

Due in one year or less

 

$

20

 

 

$

20

 

Due after one year through five years

 

 

133

 

 

 

131

 

Due after five years through ten years

 

 

171

 

 

 

155

 

Due after ten years

 

 

89

 

 

 

81

 

 

 

$

413

 

 

$

387