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Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments

We had the following derivative instruments recorded at fair value in our condensed consolidated balance sheets:

 

 

As of June 30, 2023

 

 

As of December 31, 2022

 

 

 

Asset
Derivatives

 

 

Liability
Derivatives

 

 

Asset
Derivatives

 

 

Liability
Derivatives

 

Commodity swap contracts

 

$

—

 

 

$

(6

)

 

$

—

 

 

$

(5

)

Interest rate derivatives

 

 

13

 

 

 

(3

)

 

 

8

 

 

 

(9

)

Total fair value

 

$

13

 

 

$

(9

)

 

$

8

 

 

$

(14

)

Classification:

 

 

 

 

 

 

 

 

 

 

 

 

Other current assets

 

$

11

 

 

$

—

 

 

$

7

 

 

$

—

 

Other noncurrent assets

 

 

2

 

 

 

—

 

 

 

1

 

 

 

—

 

Accrued and other current liabilities

 

 

—

 

 

 

(4

)

 

 

—

 

 

 

(3

)

Other noncurrent liabilities

 

 

—

 

 

 

(5

)

 

 

—

 

 

 

(11

)

Total fair value

 

$

13

 

 

$

(9

)

 

$

8

 

 

$

(14

)

Summary of Outstanding Commodity Derivative Contracts

The following table provides the detail of outstanding commodity derivative contracts as of June 30, 2023:

Type

 

Unit of Measure

 

Contracted
Volume

 

 

Contracted
Price Range

 

Contracted Date of Maturity

Natural gas swaps

 

Million BTU

 

 

4,190,109

 

 

$3.94 - $5.37

 

August 2023 - Dec 2025