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Equity Method Investments
 12 Months Ended
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments Equity Method Investments
The carrying value of our Equity method investments were as follows (in millions):

Segment
Ownership as of December 31, 2024
December 31, 2024December 31, 2023
MEKO AB (1)
Europe26.6%$157 $145 
Other12 14 
Total$169 $159 
(1)    As of December 31, 2024, the Level 1 fair value of our investment in MEKO AB ("Mekonomen") was $194 million based on the quoted market price for Mekonomen's common stock using the same foreign exchange rate as the carrying value. Our share of the book value of Mekonomen's net assets exceeded the book value of our investment by $11 million; this difference is primarily related to Mekonomen's Accumulated Other Comprehensive Income balance as of our acquisition date in 2016. We record our equity in the net earnings of Mekonomen on a one quarter lag. We received $5 million, $5 million, and $3 million in dividend payments from Mekonomen during the years ended December 31, 2024, 2023, and 2022, respectively.