v3.22.4
Valuation of Debt and Equity Investments and Certain Liabilities (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Investments Details of our investments are as follows:
December 31, 2022
December 31, 2021
Cash and Cash EquivalentsShort-Term InvestmentsLong-Term InvestmentsCash and Cash EquivalentsShort-Term InvestmentsLong-Term Investments
Measured at fair value:
Money market funds$1,238 $— $— $1,824 $— $— 
Corporate obligations276 1,535 — 1,060 1,070 — 
U.S. government and agency securities680 4,234 — 642 3,388 — 
Non-U.S. government and agency securities149 248 — 300 650 — 
Mutual funds— — 11 — — 16 
Total2,343 6,017 11 3,826 5,108 16 
Other measurement basis:
Equity-method investments— — 18 — — 42 
Non-marketable investments— — 5 — — 4 
Cash on hand707 — — 805 — — 
Total$3,050 $6,017 $34 $4,631 $5,108 $62 
Aggregate Maturities of Available-for-sale Debt Investments
The following table presents the aggregate maturities of our debt investments as of December 31, 2022:
Fair Value
One year or less$7,049 
One to two years73 
Assets and Liabilities Accounted for at Fair Value The following are our assets and liabilities that were accounted for at fair value on a recurring basis. These tables do not include cash on hand, assets held by our postretirement plans, or assets and liabilities that are measured at historical cost or any basis other than fair value.
December 31, 2022
December 31, 2021
Level 1Level 2TotalLevel 1Level 2Total
Assets:
Money market funds$1,238 $— $1,238 $1,824 $— $1,824 
Corporate obligations— 1,811 1,811 — 2,130 2,130 
U.S. government and agency securities4,914 — 4,914 3,629 401 4,030 
Non-U.S. government and agency securities— 397 397 — 950 950 
Mutual funds11 — 11 16 — 16 
Total assets$6,163 $2,208 $8,371 $5,469 $3,481 $8,950 
Liabilities:
Deferred compensation$326 $— $326 $395 $— $395 
Total liabilities$326 $— $326 $395 $— $395