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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following table delineates assets and liabilities that are measured at fair value on a recurring basis:
|  | March 31, 2024 |  | December 31, 2023
|  | Fair Value Hierarchy |  | Fair Value Hierarchy
(in millions) |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trading securities(1) |  | $ | 13 |  |  | $ | 13 |  |  | $ | — |  |  | $ | — |  |  | $ | 12 |  |  | $ | 12 |  |  | $ | — |  |  | $ | — |
Derivative assets(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency |  | 5 |  |  | — |  |  | 5 |  |  | — |  |  | 6 |  |  | — |  |  | 6 |  |  | — |
Commodity |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | 1 |  |  | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
NuScale warrants(3) |  | $ | 6 |  |  | $ | 3 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 12 |  |  | $ | 6 |  |  | $ | 6 |  |  | $ | — |
Derivative liabilities(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency |  | 3 |  |  | — |  |  | 3 |  |  | — |  |  | 3 |  |  | — |  |  | 3 |  |  | — |
Commodity |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |  |  | — |
_________________________________________________________ (1) Consists of registered money market funds and an equity index fund held in deferred compensation trusts. These investments represent the net asset value at the close of business of the period based on the last trade or official close of an active market or exchange. (2) Foreign currency and commodity derivatives are estimated using pricing models with market-based inputs, which take into account the present value of estimated future cash flows. (3) The NuScale warrant liabilities are comprised of public and private placement warrants redeemable by NuScale under certain conditions, both measured using the price of the public warrants. The private placement warrants are not publicly traded and have been classified as Level 2 measurements while the public warrants are classified as Level 1.
Schedule of Carrying Values and Estimated Fair Values of Financial Instruments Not Required to be Measured at Fair Value | The following summarizes information about financial instruments that are not required to be measured at fair value:
|  |  | March 31, 2024 |  | December 31, 2023
(in millions) | Fair Value Hierarchy |  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Assets: |  |  |  |  |  |  |  |  |
Cash(1) | Level 1 |  | $ | 1,396 |  |  | $ | 1,396 |  |  | $ | 1,357 |  |  | $ | 1,357 |
Cash equivalents(2) | Level 2 |  | 939 |  |  | 939 |  |  | 1,162 |  |  | 1,162 |
Marketable securities, current(2) | Level 2 |  | 74 |  |  | 74 |  |  | 69 |  |  | 69 |
Notes receivable, including noncurrent portion | Level 3 |  | 9 |  |  | 9 |  |  | 9 |  |  | 9 |
Liabilities: |  |  |  |  |  |  |  |  |
2028 Senior Notes(3) | Level 2 |  | $ | 587 |  |  | $ | 552 |  |  | $ | 597 |  |  | $ | 573 |
2029 Senior Notes(3) | Level 2 |  | 562 |  |  | 648 |  |  | 561 |  |  | 626 |
_________________________________________________________ (1) Cash consists of bank deposits. Carrying amounts approximate fair value. (2) Cash equivalents and marketable securities, current primarily consists of time deposits. Carrying amounts approximate fair value because of the short-term maturity of these instruments. Amortized cost is not materially different from the fair value. (3) The fair value of the Senior Notes was estimated based on quoted market prices and Level 2 inputs.

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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 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: 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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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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