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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Fair Value Disclosure of Asset and Liability Not Measured at Fair Value
As of September 30, 2022, the fair value and carrying value of the Company’s debt are categorized in the table below:
September 30, 2022
Fair Value
Level 1Level 2Level 3TotalCarrying Value
Liabilities:
Long-term debt, including current portion$— $762.8 $— $762.8 $747.0 
Debt subject to compromise— 1,999.3 — 1,999.3 3,277.3 

As of December 31, 2021, the fair value and carrying value of the Company’s debt are categorized in the table below:
December 31, 2021
Fair Value
Level 1Level 2Level 3TotalCarrying Value
Liabilities:
Long-term debt, including current portion(a)
$— $2,864.0 $— $2,864.0 $3,442.7 
(a) The fair value of the Company's long-term debt, including the current portion of long-term debt, is based on quoted market prices for similar issuances and maturities.