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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Carried at Fair Value
A summary of financial assets that are measured at fair value on a recurring basis were as follows ($ in millions):
Year Ended December 31Quoted Prices in
Active Market
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs (Level 3)
20242023202420232024202320242023
Assets:
Available-for-sale debt securities$— $$— $— $— $$— $— 
Investment in equity securities218 234 16 — — — — 
Cross-currency swap derivative contracts415 291 — — 415 291 — — 
Carrying Amounts and Fair Values of Financial Instruments
The carrying amounts and fair values of the Company’s other financial instruments as of December 31 were as follows ($ in millions):
20242023
Carrying AmountFair ValueCarrying AmountFair Value
Debt obligations:
Notes payable and current portion of long-term debt$505 $502 $1,695 $1,672 
Long-term debt15,500 13,109 16,707 14,415