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Investments - (Tables)
9 Months Ended
Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]  
Amortized Cost, Gross Unrealized Gains and Losses, Fair Values of Investments The amortized cost, gross unrealized gains, gross unrealized losses, and fair values of our investments as of September 30, 2019 and December 31, 2018 are presented below.
 
September 30, 2019
 
December 31, 2018
(in millions)
Amortized Cost
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value
 
Amortized Cost
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value
Asset-backed securities
$
30

$

$

$
30

 
$
33

$

$

$
33

Corporate bonds
97

1


98

 
99



99

U.S. government agencies and government-
sponsored agencies
5



5

 
7



7

U.S. treasuries
54



54

 
46



46

Exchange traded fund
1



1

 
1



1

Other debt securities
7



7

 
9



9

Total
$
194

$
1

$

$
195

 
$
195

$

$

$
195


Fair Value of Debt Investments by Contractual Maturity
The fair value of debt investments by contractual maturity are shown below:
(in millions)
 
September 30, 2019
 
One year or less
 
$
67

 
Over one year through five years
 
112

 
Over five years through ten years
 
6

 
Over ten years
 
9

 
Total fair value
 
$
194

 

Proceeds from available-for-sale securities
The gross proceeds from sales and maturities of AFS securities for the three and nine months ended September 30, 2019 and September 30, 2018 are presented below. We had immaterial realized gains and losses from sales of investments for the three and nine months ended September 30, 2019 and September 30, 2018.
 
Three Months Ended September 30,
 
Nine Months Ended
September 30,
(in millions)
2019
2018
 
2019
2018
Gross proceeds from sales
$
24

$
15

 
$
52

$
54

Gross proceeds from maturities
25

9

 
61

33