v3.25.2
Fair Value (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Financial Assets and Liabilities, Measured at Fair Value Recurring Basis [Table Text Block]
The following table presents a summary of fair value measurements by level and carrying values for items measured at fair value on a recurring basis in the Condensed Consolidated Balance Sheets:
(in millions)Quoted Prices
in Active
Markets
(Level 1)
Other
Observable
Inputs
(Level 2)
Unobservable
Inputs
(Level 3)
Total
Fair and Carrying
Value
June 30, 2025
Cash and cash equivalents$23,299$5,297$$28,596
Debt securities - available-for-sale:
U.S. government and agency obligations3,8761304,006
State and municipal obligations6,8666,866
Corporate obligations22,94247323,415
U.S. agency mortgage-backed securities9,5669,566
Non-U.S. agency mortgage-backed securities2,7552,755
Total debt securities - available-for-sale3,87642,25947346,608
Equity securities1,8792132072,299
Total assets at fair value$29,054$47,769$680$77,503
Percentage of total assets at fair value37 %62 %%100 %
December 31, 2024
Cash and cash equivalents$25,248$64$$25,312
Debt securities - available-for-sale:
U.S. government and agency obligations4,1941334,327
State and municipal obligations6,9846,984
Corporate obligations2922,84143723,307
U.S. agency mortgage-backed securities9,5849,584
Non-U.S. agency mortgage-backed securities2,7172,717
Total debt securities - available-for-sale4,22342,25943746,919
Equity securities1,85924651,948
Total assets at fair value$31,330$42,347$502$74,179
Percentage of total assets at fair value42 %57 %%100 %
Fair Value Measurements, Nonrecurring [Table Text Block]
The following table presents a summary of fair value measurements by level and carrying values for certain financial instruments not measured at fair value on a recurring basis in the Condensed Consolidated Balance Sheets:
(in millions)Quoted Prices
in Active
Markets
(Level 1)
Other
Observable
Inputs
(Level 2)
Unobservable
Inputs
(Level 3)
Total
Fair
Value
Total Carrying Value
June 30, 2025
Debt securities - held-to-maturity$466 $24 $— $490 $493 
Long-term debt and other financing obligations$— $74,304 $— $74,304 $79,193 
December 31, 2024
Debt securities - held-to-maturity$482 $26 $— $508 $512 
Long-term debt and other financing obligations$— $70,565 $— $70,565 $75,604