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Fair value measurements (Tables) | 6 Months Ended
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Jun. 30, 2024
Fair Value Disclosures [Abstract] |
Fair Value Measurements, Recurring and Nonrecurring | The following table presents the fair value hierarchy levels of the Company’s assets and liabilities measured at fair value:
(in millions) | Fair Value Hierarchy |  | June 30, 2024 |  | December 31, 2023
Measured at fair value on a recurring basis: |  |  |  |  |
Interest rate derivative financial instruments assets | Level 2 |  | $ | 124 |  |  | $ | 138 |
Foreign exchange forward contracts liabilities | Level 2 |  | $ | — |  |  | $ | 1 |
Acquisition related contingent consideration | Level 3 |  | $ | 5 |  |  | $ | 5 |
Measured at fair value on a non-recurring basis: |  |  |  |  |
Other investments (included in Other assets)1 | Level 3 |  | $ | 14 |  |  | $ | 12 |
Disclosed at fair value: |  |  |  |  |
Long-term debt 2 | Level 3 |  | $ | 9,124 |  |  | $ | 8,768 |
__________________ (1) The investments in equity securities carried at fair value are subject to transfer restrictions and generally cannot be sold without consent. (2) The carrying value of long-term debt is disclosed in Note 9, Debt.

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