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DEBT (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Fair Value, by Balance Sheet Grouping | Our Senior Notes are classified as Level Two due to the use and weighting of multiple market inputs in the final price of the security. We estimated the fair value of other debt instruments using a discounted cash flow analysis based on current market inputs for similar types of arrangements. Based on the lack of available market data, we have classified our other debt instruments and revolving credit facility, if applicable, as Level Three in the fair value hierarchy. The primary sensitivity in these models is based on the selection of appropriate discount rates. Fluctuations in our assumptions will result in different estimates of fair value.
| March 31, 2025
| Carrying value |  | Fair value |  | Quoted prices in active markets for identical assets (Level One) |  | Significant other observable inputs (Level Two) |  | Significant unobservable inputs (Level Three)
Debt (1) | $ | 4,359 |  |  | $ | 4,386 |  |  | $ | — |  |  | $ | 4,263 |  |  | $ | 123 |
(1) Excludes $4 million of finance lease obligations and $35 million of unamortized discounts and deferred financing fees.
| December 31, 2024
| Carrying value |  | Fair value |  | Quoted prices in active markets for identical assets (Level One) |  | Significant other observable inputs (Level Two) |  | Significant unobservable inputs (Level Three)
Debt (2) | $ | 3,805 |  |  | $ | 3,813 |  |  | $ | — |  |  | $ | 3,695 |  |  | $ | 118 |
(2) Includes the 2025 Notes and excludes $4 million of finance lease obligations and $27 million of unamortized discounts and deferred financing fees.

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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