Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.5.0.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value Measurements by Level for Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table summarizes fair value measurements by level at September 30, 2016, for assets and liabilities measured at fair value on a recurring basis ($ in millions):  
 
Level I
 
Level II
 
Level III
 
Total
Assets
 
 
 
 
 
 
 
Cash and cash equivalents
$
2,982

 
$

 
$

 
$
2,982

Investments available for sale:
 

 
 

 
 

 
 

U.S. Treasury securities and obligations of U.S. government corporations and agencies
$
215

 
$
14

 
$

 
$
229

Corporate securities

 
1,943

 

 
1,943

Municipal securities

 
1,661

 

 
1,661

Asset-backed securities

 
291

 

 
291

Residential mortgage-backed securities

 
217

 

 
217

Commercial mortgage-backed securities

 
355

 

 
355

Total investments
$
215

 
$
4,481

 
$

 
$
4,696

Restricted deposits available for sale:
 

 
 

 
 

 
 

Cash and cash equivalents
$
70

 
$

 
$

 
$
70

Certificates of deposit
6

 

 

 
6

U.S. Treasury securities and obligations of U.S. government corporations and agencies
61

 

 

 
61

Total restricted deposits
$
137

 
$

 
$

 
$
137

Other long term assets: Interest rate swap agreements
$

 
$
25

 
$

 
$
25

Total assets at fair value
$
3,334

 
$
4,506

 
$

 
$
7,840


The following table summarizes fair value measurements by level at December 31, 2015, for assets and liabilities measured at fair value on a recurring basis ($ in millions): 
 
Level I
 
Level II
 
Level III
 
Total
Assets
 
 
 
 
 
 
 
Cash and cash equivalents
$
1,760

 
$

 
$

 
$
1,760

Investments available for sale:
 

 
 

 
 

 
 

U.S. Treasury securities and obligations of U.S. government corporations and agencies
$
325

 
$
72

 
$

 
$
397

Corporate securities

 
853

 

 
853

Municipal securities

 
497

 

 
497

Asset-backed securities

 
162

 

 
162

Residential mortgage-backed securities

 
67

 

 
67

Commercial mortgage-backed securities

 
40

 

 
40

Total investments
$
325

 
$
1,691

 
$

 
$
2,016

Restricted deposits available for sale:
 

 
 

 
 

 
 

Cash and cash equivalents
$
78

 
$

 
$

 
$
78

Certificates of deposit
5

 

 

 
5

U.S. Treasury securities and obligations of U.S. government corporations and agencies
32

 

 

 
32

Total restricted deposits
$
115

 
$

 
$

 
$
115

Other long term assets:
 
 
 
 
 
 
 
Interest rate swap agreements
$

 
$
11

 
$

 
$
11

Total assets at fair value
$
2,200

 
$
1,702

 
$

 
$
3,902

Liabilities
 
 
 
 
 
 
 
Other long term liabilities:
 
 
 
 
 
 
 
Interest rate swap agreements
$

 
$
2

 
$

 
$
2

Total liabilities at fair value
$

 
$
2

 
$

 
$
2