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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities Measured on Recurring Basis
September 30, 2024December 31, 2023September 30, 2023
(In millions)
Level 21
Level 21
Level 21
Assets at fair value:
Marketable securities
$56 $98 $108 
Debt securities:
Foreign government bonds2
106 — — 
Derivatives relating to:3
Foreign currency105 83 52 
Commodity contracts
Total assets at fair value$272 $186 $161 
Liabilities at fair value:
Derivatives relating to:3
Foreign currency$87 $61 $94 
Commodity contracts14 
Total liabilities at fair value$91 $75 $100 
1.Reflects significant other observable inputs.
2.Represents the company's investments in debt securities that are classified as available-for-sale, which are included in marketable securities and other assets in the interim Consolidated Balance Sheets.
3.See Note 16 - Financial Instruments for the classification of derivatives in the interim Consolidated Balance Sheets.