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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities Measured on Recurring Basis
June 30, 2025December 31, 2024June 30, 2024
(In millions)
Level 21
Level 21
Level 21
Assets at fair value:
Marketable securities
$$63 $99 
Debt securities:
Foreign government bonds2
102 97 102 
Derivatives relating to:3
Foreign currency146 71 139 
Commodity contracts20 
Total assets at fair value$251 $251 $342 
Liabilities at fair value:
Derivatives relating to:3
Foreign currency190 104 86 
Commodity contracts
Total liabilities at fair value$194 $111 $92 
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 15 - Financial Instruments, to the interim Consolidated Financial Statements, for the classification of derivatives in the interim Consolidated Balance Sheets.