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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis:
 June 30, 2024December 31, 2023
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets  
Foreign currency exchange contracts$— $22 $— $22 $— $35 $— $35 
Available for sale investments69 271 — 340 63 217 — 280 
Interest rate swap agreements— — — — — 18 — 18 
Cross currency swap agreements— 25 — 25 — — — — 
Investments in equity securities20 — — 20 22 — — 22 
Right to HWI Net Sale Proceeds— — — — 
Total assets$89 $318 $6 $413 $85 $270 $9 $364 
Liabilities
Foreign currency exchange contracts$— $23 $— $23 $— $$— $
Interest rate swap agreements— 212 — 212 — 184 — 184 
Commodity contracts— — — — — — 
Cross currency swap agreements— 83 — 83 — 145 — 145 
Total liabilities$ $318 $ $318 $ $339 $ $339 
Financial Assets and Liabilities That Were Not Carried at Fair Value
The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value:
 June 30, 2024December 31, 2023
 Carrying
Value
Fair
Value
Carrying
Value
Fair
Value
Assets    
Long-term receivables$759 $655 $232 $173 
Liabilities
Long-term debt and related current maturities23,384 22,291 18,358 17,706