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Note 13 - Fair Value Measurements - Financial Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Other current assets [1],[3] $ 329 [2] $ 152 [4]
Other assets [1],[3] 198 139 [4]
Other accrued liabilities [1] 52 189
Other liabilities [1] 37 155
Investments [5]   137
Fair Value, Inputs, Level 1 [Member]    
Other current assets [1],[2],[3] 109  
Investments [5]   137
Fair Value, Inputs, Level 2 [Member]    
Other current assets [1],[3] 216 [2] 148 [4]
Other assets [1],[3] 182 123 [4]
Other accrued liabilities [1] 52 189
Other liabilities [1] 37 155
Fair Value, Inputs, Level 3 [Member]    
Other current assets [1],[3] 4 [2] 4 [4]
Other assets [1],[3] $ 16 $ 16 [4]
[1] Derivative assets and liabilities include foreign exchange contracts which are measured using observable inputs for similar assets and liabilities.
[2] Equity securities with readily available fair values that are measured using Level 1 inputs are included in other current assets, in the amount of $109 million as of March 31, 2021.
[3] Included in other current assets and other assets is a contingent consideration asset for a cost adjustment contract of $20 million, resulting from the HSG Transactions as of September 9, 2020, that were measured using unobservable (Level 3) inputs.
[4] For the year ended December 31, 2020, assets and liabilities that were measured using unobservable (Level 3) inputs resulted in losses recognized in earnings of $21 million for a renewable energy derivative contract and $4 million for auction rate securities, respectively.
[5] Included in the investments were equity securities with readily available fair values that were measured using Level 1 inputs. A pre-tax gain of $107 million was recognized from the initial public offering of an investment for the year ended December 31, 2020.