A summary of our insurance subsidiaries’ investments at June 30, 2026 and December 31, 2025 follows (dollars in millions):


	June 30, 2026
			Unrealized Amounts
	Amortized Cost		Gains		Losses			Fair Value
Debt securities	$	346	$	1	$	(17	)	$	330
Money market funds and other		189		—		—			189
	$	535	$	1	$	(17	)		519
Amounts classified as current assets									(117	)
Investment carrying value								$	402


	December 31, 2025
			Unrealized Amounts
	Amortized Cost		Gains		Losses			Fair Value
Debt securities	$	342	$	1	$	(15	)	$	328
Money market funds and other		260		—		—			260
	$	602	$	1	$	(15	)		588
Amounts classified as current assets									(103	)
Investment carrying value								$	485

At June 30, 2026 and December 31, 2025, the investments in debt securities of our insurance subsidiaries were classified as “available-for-sale.” Changes in unrealized gains and losses that are not credit-related are recorded as adjustments to other comprehensive income or loss.

Scheduled maturities of investments in debt securities at June 30, 2026 were as follows (dollars in millions):


	Amortized Cost		Fair Value
Due in one year or less	$	38	$	38
Due after one year through five years		130		124
Due after five years through ten years		113		106
Due after ten years		65		62
	$	346	$	330

The average expected maturity of the investments in debt securities at June 30, 2026 was 5.6 years, compared to the average scheduled maturity of 8.0 years. Expected and scheduled maturities may differ because the issuers of certain securities have the right to call, prepay or otherwise redeem such obligations prior to their scheduled maturity date.