v3.26.1
Assets and Liabilities Measured at Fair Value (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value
The Company's assets and liabilities measured at fair value on a recurring basis are as follows:
Fair Value Measurements at
June 30, 2026
DescriptionTotalQuoted
prices
in active
markets for
identical
assets
(Level 1)
Significant
other
observable
inputs
(Level 2)
amounts in millions
Cash equivalents$459 459 — 
Fair Value Measurements at
December 31, 2025
DescriptionTotalQuoted
prices
in active
markets for
identical
assets
(Level 1)
Significant
other
observable
inputs
(Level 2)
amounts in millions
Cash equivalents$816 816 — 
Exchangeable senior debentures52 — 52 
Schedule of Realized and Unrealized Gains (Losses) on Financial Instruments
Realized and unrealized gains (losses) on financial instruments are comprised of changes in the fair value of the following:
Three months ended
June 30,
Six months ended
June 30,
2026202520262025
amounts in millions
Equity securities $— (1)(6)(1)
Exchangeable senior debentures(20)93 (35)
$(21)$87 (36)