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Fair Value of Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2024
Fair Value Disclosures [Abstract] |
Schedule of Fair Value Measurement Inputs and Valuation Techniques | The three input levels in the hierarchy of fair value measurements are defined by the FASB generally as follows:
Input Level |  | Description of Input
Level 1 |  | Observable inputs such as quoted market prices in active markets.
Level 2 |  | Inputs other than quoted prices in active markets that are either directly or indirectly observable.
Level 3 |  | Unobservable inputs in which little or no market data exists.
Schedule of Carrying Amounts and Estimated Fair Values of Financial Assets and Liabilities | The following table presents the carrying amounts and estimated fair values of our financial assets and liabilities as of June 30, 2024 and December 31, 2023:
|  |  | June 30, 2024 |  | December 31, 2023
| Input Level |  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
|  |  | (Dollars in millions)
Long-term debt, excluding finance lease and other obligations | 2 |  | $ | 18,333 |  |  | 13,020 |  |  | 19,703 |  |  | 13,304 |
Indemnifications related to the sale of the Latin American business(1) | 3 |  | 91 |  |  | 86 |  | 86 |  |  | 86 |
______________________________________________________________________ (1)Nonrecurring fair value is measured as of August 1, 2022.
Schedule of Fair Value, Investments, Entities that Calculate Net Asset Value Per Share | The following table summarizes the net asset value of our investment in this limited partnership.
| As of June 30, 2024 |  | As of December 31, 2023
| Net Asset Value
| (Dollars in millions)
Investment in limited partnership(1) | $ | 7 |  |  | 10 |
______________________________________________________________________ (1)For the three and six months ended June 30, 2024, we recognized a loss on investment of $23 million and $3 million , respectively, reflected in Other income (expense), net in our consolidated statements of operations. For the three and six months ended June 30, 2023, we recognized a $2 million gain on investment and a $59 million loss on investment, respectively, reflected in Other income (expense), net in our consolidated statements of operations.

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