XML 43 R31.htm IDEA: XBRL DOCUMENT v3.25.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following fair value hierarchy table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis:
(In millions)Quoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable Inputs
(Level 3)		Balance at  
June 30, 2025
Assets    
Deferred compensation plan$18 $— $— $18 
Derivative instruments— 40 99 139 
$18 $40 $99 $157 
Liabilities   
Deferred compensation plan$18 $— $— $18 
Derivative instruments— — 41 41 
$18 $— $41 $59 
(In millions)Quoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable Inputs
(Level 3)		Balance at  
December 31, 2024
Assets    
Deferred compensation plan$17 $— $— $17 
Derivative instruments— — 26 26 
$17 $— $26 $43 
Liabilities   
Deferred compensation plan$17 $— $— $17 
Derivative instruments— — 35 35 
$17 $— $35 $52 
Reconciliation of Changes in the Fair Value of Financial Assets and Liabilities Classified as Level 3
The following table sets forth a reconciliation of changes in the fair value of financial assets and liabilities classified as Level 3 in the fair value hierarchy:
Six Months Ended 
June 30,
(In millions)20252024
Balance at beginning of period$(9)$92 
Total gain (loss) included in earnings74 (16)
Settlement gain(7)(62)
Balance at end of period$58 $14 
Change in unrealized gains (losses) relating to assets and liabilities still held at the end of the period$67 $(26)
Carrying Amounts and Fair Values of Debt
The carrying amount and estimated fair value of debt are as follows:
 June 30, 2025December 31, 2024
(In millions)Carrying
Amount		Estimated Fair
Value		Carrying
Amount		Estimated Fair
Value
Long-term debt$4,175 $4,057 $3,535 $3,395