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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities Measured on Recurring Basis
September 30, 2025December 31, 2024September 30, 2024
(In millions)
Level 21
Level 21
Level 21
Assets at fair value:
Marketable securities
$$63 $56 
Debt securities:
Foreign government bonds2
97 97 106 
Derivatives relating to:3
Foreign currency49 71 105 
Commodity contracts20 
Total assets at fair value$151 $251 $272 
Liabilities at fair value:
Derivatives relating to:3
Foreign currency167 104 87 
Commodity contracts15 
Total liabilities at fair value$182 $111 $91 
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.