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Asset Impairments and Unusual Items
3 Months Ended
Mar. 31, 2020
Asset Impairments and Unusual Items  
Asset Impairments and Unusual Items

9.  Asset Impairments

Equity in Net Losses of Unconsolidated Entities

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During the first quarter of 2020, we recorded an impairment charge of $7 million related to our investment in a refined coal facility which is discussed further in Note 4. The fair value of our investment was not readily determinable; thus, we determined the fair value using management assumptions pertaining to investment value (Level 3).

Other, Net

During the first quarter of 2019, we recognized a $52 million impairment charge related to our minority-owned investment in a waste conversion technology business. We wrote down our investment to its estimated fair value as the result of a third-party investor’s transactions in these securities. The fair value of our investment was not readily determinable; thus, we determined the fair value utilizing a combination of quoted price inputs for the equity in our investment (Level 2) and certain management assumptions pertaining to investment value (Level 3).