v3.25.3
Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on Recurring Basis
The following tables present our financial assets and financial liabilities that were measured at fair value on a recurring basis as of September 30, 2025 and December 31, 2024.
 
September 30, 2025
 
Total
Level 1
Level 2
Level 3
(in millions)
European government debt securities
$52 $52 $— $— 
Time deposits— — 
Total financial investments
$53 $53 $— $— 
Equity securities
49 49 — — 
Total assets at fair value$102 $102 $— $— 
December 31, 2024
Total
Level 1
Level 2
Level 3
(in millions)
European government debt securities
$166 $166 $— $— 
Swedish mortgage bonds
13 — 13 — 
Time deposits— — 
Total financial investments
$184 $166 $18 $— 
Equity securities— — 
Total assets at fair value$186 $168 $18 $—