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DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]  
Fair Value Measurements, Recurring and Nonrecurring
The following tables summarize, by level within the fair value hierarchy, our derivative and other assets and liabilities that were accounted for at fair value on a recurring basis at March 31, 2024 and December 31, 2023:
March 31, 2024
Level 1Level 2Total
(Thousands of dollars)
Assets:
United States treasury notes (b)$6,476 $ $6,476 
Corporate bonds (b) 10,266 10,266 
Total assets$6,476 $10,266 $16,742 
(a) The fair value is included in other current assets and other current liabilities in our consolidated balance sheets.
(b) The fair value is included in other current and noncurrent assets and other current and noncurrent liabilities in our consolidated balance sheets.

December 31, 2023
Level 1Level 2Total
(Thousands of dollars)
Assets:
United States treasury notes (b)$6,496 $— $6,496 
Corporate bonds (b)— 11,080 11,080 
Total assets$6,496 $11,080 $17,576 
Liabilities:
Derivative instruments - swaps (a)$— $13,920 $13,920 
(a) The fair value is included in other current assets and other current liabilities in our consolidated balance sheets.
(b) The fair value is included in other current and noncurrent assets and other current and noncurrent liabilities in our consolidated balance sheets.