Investments of Insurance Subsidiaries (Tables)

9 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Investments

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

	September 30, 2022
			Unrealized Amounts
	Amortized Cost		Gains		Losses			Fair Value
Debt securities	$	410	$	—	$	(41	)	$	369
Money market funds and other		124		—		—			124
	$	534	$	—	$	(41	)		493
Amounts classified as current assets									(121	)
Investment carrying value								$	372

NOTE 5 — INVESTMENTS OF INSURANCE SUBSIDIARIES (continued)

	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 September 30, 2022 were as follows (dollars in millions):

	Amortized Cost		Fair Value
Due in one year or less	$	26	$	26
Due after one year through five years		127		121
Due after five years through ten years		181		155
Due after ten years		76		67
	$	410	$	369