Valuation of debt and equity investments and certain liabilities (Tables)

6 Months Ended

Jun. 30, 2026

Details of our investments are as follows:


	June 30, 2026						December 31, 2025
	Cash and Cash Equivalents		Short-Term Investments		Other Long-Term Assets		Cash and Cash Equivalents		Short-Term Investments		Other Long-Term Assets
Measured at fair value:
Money market funds	$	823	$	—	$	—	$	844	$	—	$	—
Corporate obligations	541		1,013		—		517		522		—
U.S. government and agency securities	1,659		2,032		—		1,296		1,035		—
Non-U.S. government and agency securities	249		296		—		184		99		—
Mutual funds	—		—		11		—		—		11
Total	3,272		3,341		11		2,841		1,656		11

Other investments	—		—		4		—		—		5

Cash on hand	388		—		—		384		—		—
Total	$	3,660	$	3,341	$	15	$	3,225	$	1,656	$	16

Schedule of Aggregate Maturities of Available-for-sale Debt Investments

The following table presents the aggregate maturities of our debt investments as of June 30, 2026:


	Fair Value
One year or less	$	5,202
One to two years	588

Schedule of 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.


	June 30, 2026						December 31, 2025
	Level 1		Level 2		Total		Level 1		Level 2		Total
Assets:
Money market funds	$	823	$	—	$	823	$	844	$	—	$	844
Corporate obligations	—		1,554		1,554		—		1,039		1,039
U.S. government and agency securities	3,342		349		3,691		1,932		399		2,331
Non-U.S. government and agency securities	—		545		545		—		283		283
Mutual funds	11		—		11		11		—		11
Total assets	$	4,176	$	2,448	$	6,624	$	2,787	$	1,721	$	4,508

Liabilities:
Deferred compensation	$	500	$	—	$	500	$	492	$	—	$	492
Total liabilities	$	500	$	—	$	500	$	492	$	—	$	492