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Fair Value Disclosures (Tables) | 6 Months Ended
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Jun. 30, 2026
Fair Value Disclosures [Abstract] |
Fair Value, by Balance Sheet Grouping | The following tables present the carrying amounts and estimated fair values of financial instruments held or issued by the Company using available market information. Determining fair value is judgmental in nature and requires market assumptions and/or estimation methodologies. The tables exclude cash, restricted cash, accounts receivable, net, and accounts payable, all of which had fair values approximating their carrying amounts due to the short maturities and liquidity of these instruments.
| June 30, 2026
|  |  | Hierarchy Level
| Carrying Amount(1) |  | Level 1 |  | Level 2
| (In millions)
Assets: |  |  |  |  |
Cash equivalents |  |  |  |  |
Cash deposits | $ | 1,046 |  |  | $ | 1,046 |  |  |
Money market funds | $ | 602 |  |  | $ | 602 |  |  |
U.S. Treasury Bills | $ | 222 |  |  | $ | 222 |  |  |
Prepaid expenses and other |  |  |  |  |
SCL Net Investment Hedge(2) | $ | 1 |  |  |  |  | $ | 1 |
Other assets, net |  |  |  |  |
SCL Forwards(2) | $ | 3 |  |  |  |  | $ | 3 |
Liabilities: |  |  |  |  |
Debt(2)(3) | $ | 15,252 |  |  |  |  | $ | 15,169 |
Other long-term liabilities |  |  |  |  |
SCL Swaps(2)(4) | $ | 22 |  |  |  |  | $ | 22 |
MBS Net Investment Hedge(2)(5) | $ | 24 |  |  |  |  | $ | 24 |
| December 31, 2025
|  |  |  |  | Hierarchy Level
| Carrying Amount(1) |  |  |  | Level 1 |  | Level 2
| (In millions)
Assets: |  |  |  |  |  |  |
Cash equivalents |  |  |  |  |  |  |
Cash deposits | $ | 1,878 |  |  |  |  | $ | 1,878 |  |  |
Money market funds | $ | 288 |  |  |  |  | $ | 288 |  |  |
U.S. Treasury Bills | $ | 218 |  |  |  |  | $ | 218 |  |  |
Loan receivable(6) | $ | 1,264 |  |  |  |  |  |  | $ | 1,232 |
Liabilities: |  |  |  |  |  |  |
Debt(2)(3) | $ | 15,770 |  |  |  |  |  |  | $ | 15,784 |
Other long-term liabilities |  |  |  |  |  |  |
SCL Swaps(2)(4) | $ | 63 |  |  |  |  |  |  | $ | 63 |
MBS Net Investment Hedge(2)(5) | $ | 4 |  |  |  |  |  |  | $ | 4 |
____________________ (1)The cross-currency swaps and net investment hedges are accounted for at fair value in the accompanying condensed consolidated financial statements. The other items included in this table are not accounted for at fair value. (2)The estimated fair value is based on recent trades, if available, and indicative pricing from market information (level 2 inputs). (3)The carrying amount of debt is exclusive of finance leases and represents its contractual value. (4)This amount excludes the accrued interest portion of the fair value related to the periodic interest payment swaps. This accrual component, amounting to $4 million as of June 30, 2026 and December 31, 2025, was recorded in “Accounts receivable, net” in the accompanying condensed consolidated balance sheets. (5)This amount excludes the accrued interest portion of the fair value related to the periodic interest payment swaps. This accrual component, amounting to $3 million as of June 30, 2026 and December 31, 2025, was recorded in “Accounts receivable, net” in the accompanying condensed consolidated balance sheets. (6)The fair value was estimated based on level 2 inputs and reflected the increase in market interest rates since finalizing the terms of the loan receivable at a fixed interest rate on March 2, 2021.

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