v3.26.3
Investments of Insurance Subsidiaries (Tables)
9 Months Ended
Sep. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments

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

 

September 30, 2026

 

 

 

 

 

Unrealized
Amounts

 

 

 

 

 

Amortized
Cost

 

 

Gains

 

 

Losses

 

 

Fair
Value

 

Debt securities

 

$

342

 

 

$

—

 

 

$

(25

)

 

$

317

 

Money market funds and other

 

 

257

 

 

 

—

 

 

 

—

 

 

 

257

 

Investments of insurance subsidiaries

 

$

599

 

 

$

—

 

 

$

(25

)

 

 

574

 

Amounts classified as current assets

 

 

 

 

 

 

 

 

 

 

 

(111

)

 

 

 

 

 

 

 

 

 

 

 

$

463

 

 

 

December 31, 2025

 

 

 

 

 

Unrealized
Amounts

 

 

 

 

 

Amortized
Cost

 

 

Gains

 

 

Losses

 

 

Fair
Value

 

Debt securities

 

$

342

 

 

$

1

 

 

$

(15

)

 

$

328

 

Money market funds and other

 

 

260

 

 

 

—

 

 

 

—

 

 

 

260

 

Investments of insurance subsidiaries

 

$

602

 

 

$

1

 

 

$

(15

)

 

 

588

 

Amounts classified as current assets

 

 

 

 

 

 

 

 

 

 

 

(103

)

 

 

 

 

 

 

 

 

 

 

 

$

485

 

Schedule of Maturities of Investments

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

 

Amortized
Cost

 

 

Fair
Value

 

Due in one year or less

 

$

36

 

 

$

36

 

Due after one year through five years

 

 

147

 

 

 

136

 

Due after five years through ten years

 

 

91

 

 

 

82

 

Due after ten years

 

 

68

 

 

 

63

 

 

$

342

 

 

$

317