XML 36 R35.htm IDEA: XBRL DOCUMENT v3.19.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
In accordance with the provisions of ASC 820, the following tables provide the valuation hierarchy classification of assets and liabilities that are carried at fair value and measured on a recurring and non-recurring basis in our Condensed Consolidated Balance Sheet as of September 30, 2019 and December 31, 2018: 
 
September 30, 2019
(dollars in millions)
Total
 
Level 1
 
Level 2
 
Level 3
Recurring fair value measurements:
 
 
 
 
 
 
 
Available-for-sale securities
$
54

 
$
54

 
$
—

 
$
—

Derivative assets
69

 
—

 
69

 
—

Derivative liabilities
(321
)
 
—

 
(321
)
 
—


 
December 31, 2018
(dollars in millions)
Total
 
Level 1
 
Level 2
 
Level 3
Recurring fair value measurements:
 
 
 
 
 
 
 
Available-for-sale securities
$
51

 
$
51

 
$
—

 
$
—

Derivative assets
85

 
—

 
85

 
—

Derivative liabilities
(286
)
 
—

 
(286
)
 
—
Fair Value, by Balance Sheet Grouping [Table Text Block]
The following table provides carrying amounts and fair values of financial instruments that are not carried at fair value in our Condensed Consolidated Balance Sheet at September 30, 2019 and December 31, 2018:
 
September 30, 2019
 
December 31, 2018
(dollars in millions)
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
Long-term receivables
$
375

 
$
367

 
$
334

 
$
314

Customer financing notes receivable
283

 
283

 
272

 
265

Short-term borrowings
(1,327
)
 
(1,327
)
 
(1,469
)
 
(1,469
)
Long-term debt (excluding finance leases)
(44,863
)
 
(47,794
)
 
(43,996
)
 
(44,003
)
Long-term liabilities
(406
)
 
(389
)
 
(508
)
 
(467
)

The following table provides the valuation hierarchy classification of assets and liabilities that are not carried at fair value in our Condensed Consolidated Balance Sheet at September 30, 2019 and December 31, 2018:
 
September 30, 2019
(dollars in millions)
Total
 
Level 1
 
Level 2
 
Level 3
Long-term receivables
$
367

 
$
—

 
$
367

 
$
—

Customer financing notes receivable
283

 
—

 
283

 
—

Short-term borrowings
(1,327
)
 
—

 
(984
)
 
(343
)
Long-term debt (excluding finance leases)
(47,794
)
 
—

 
(47,396
)
 
(398
)
Long-term liabilities
(389
)
 
—

 
(389
)
 
—


 
December 31, 2018
(dollars in millions)
Total
 
Level 1
 
Level 2
 
Level 3
Long-term receivables
$
314

 
$
—

 
$
314

 
$
—

Customer financing notes receivable
265

 
—

 
265

 
—

Short-term borrowings
(1,469
)
 
—

 
(1,258
)
 
(211
)
Long-term debt (excluding finance leases)
(44,003
)
 
—

 
(43,620
)
 
(383
)
Long-term liabilities
(467
)
 
—

 
(467
)
 
—