v3.26.1
Investments of Insurance Subsidiaries (Tables)
6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments

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

 

Schedule of Maturities of Investments

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