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FAIR VALUE MEASUREMENTS
 6 Months Ended
Jun. 30, 2023
FAIR VALUE MEASUREMENTS
8. FAIR VALUE MEASUREMENTS
The following tables present our assets and liabilities carried at fair value that are measured on a recurring basis:
 
 
  
 
 
  
Total
 
  
Fair Value Measurements

at June 30, 2023 Using
 
  
Balance Sheet Location
 
  
Level 1
 
  
Level 2
 
  
Level 3
 
Assets:
                                             
Derivative financial instruments
      Other current assets     
$
9
 
   
 
—  
 
   
$
9
 
   
 
—  
 
Equity securities
      Other assets     
$
779
 
   
$
779
 
   
 
—  
 
   
 
—  
 
Private equities
      Other assets     
$
1,000
 
   
 
—  
 
   
 
—  
 
   
$
1,000
 
       
            Total      Fair Value Measurements
at December 31, 2022 Using		  
   Balance Sheet Location      Level 1      Level 2      Level 3  
Assets:
                                             
Equity securities
      Other assets      $ 678      $ 678        —          —    
Private equities
      Other assets      $ 1,000        —          —        $ 1,000  
The following is a description of the valuation techniques used for these assets and liabilities, as well as the level of input used to measure fair value:
Derivative financial instruments
– these derivatives are foreign currency forward and option contracts. See Note 7. Fair value is based on observable market inputs, such as forward rates in active markets; therefore, we classify these derivatives within Level 2 of the valuation hierarchy.
Equity securities
– these investments are exchange-traded equity securities. Fair values for these investments are based on closing stock prices from active markets and are therefore classified within Level 1 of the fair value hierarchy.
Private equities
– other investment in which fair value inputs are unobservable and are therefore classified within Level 3 of the fair value hierarchy.