Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.

	December 31, 2022			December 31, 2021
	Total	Level 1	Level 2	Total	Level 1	Level 2
Assets
Money market funds	$1,797	$1,797		$1,370	$1,370
Available-for-sale debt investments:
Commercial paper	256		$256	225		$225
Corporate notes	195		195	262		262
U.S. government agencies	47		47	1		1
Other equity investments	10	10		20	20
Derivatives	112		112	98		98
Total assets	$2,417	$1,807	$610	$1,976	$1,390	$586
Liabilities
Derivatives	($141)		($141)	($50)		($50)
Total liabilities	($141)		($141)	($50)		($50)

Fair Value, Assets Measured on Nonrecurring Basis Using Unobservable Inputs

The following table presents the nonrecurring losses recognized for the years ended December 31 due to long-lived asset impairment, and the fair value and asset classification of the related assets as of the impairment date:

	2022				2021
	Total	Level 2	Level 3	Total Losses	Total	Level 2	Level 3	Total Losses
Investments				($31)				($8)
Customer financing assets	$47		$47	(7)	$110		$110	(31)
Property, plant and equipment				(19)	9		9	(50)
Other Assets and Acquired intangible assets	15		15	(55)	1		1	(9)
Total	$62		$62	($112)	$120		$120	($98)

Fair Value, Assets Measured on Nonrecurring Basis, Valuation Techniques

For Level 3 assets that were measured at fair value on a nonrecurring basis during the year ended December 31, 2022, the following table presents the fair value of those assets as of the measurement date, valuation techniques and related unobservable inputs of those assets.

	Fair Value	Valuation Technique(s)	Unobservable Input	Range Median or Average
Customer financing assets	$47	Market approach	Aircraft value publications	$40 - $51(1) Median $46
			Aircraft condition adjustments	($4) - $5(2) Net $1

(1)The range represents the sum of the highest and lowest values for all aircraft subject to fair value measurement, according to the third party aircraft valuation publications that we use in our valuation process.

(2)The negative amount represents the sum, for all aircraft subject to fair value measurement, of all downward adjustments based on consideration of individual aircraft attributes and condition. The positive amount represents the sum of all such upward adjustments.

Fair Values and Related Carrying Values of Financial Instruments

The fair values and related carrying values of financial instruments that are not required to be remeasured at fair value on the Consolidated Statements of Financial Position at December 31 were as follows:

	December 31, 2022
	Carrying Amount	Total Fair Value	Level 1	Level 2	Level 3
Assets
Notes receivable, net	$385	$403		$403
Liabilities
Debt, excluding finance lease obligations	(56,794)	(52,856)		(52,856)

	December 31, 2021
	Carrying Amount	Total Fair Value	Level 1	Level 2	Level 3
Assets
Notes receivable, net	$412	$485		$485
Liabilities
Debt, excluding finance lease obligations	(57,921)	(65,724)		(65,724)