XML 46 R27.htm IDEA: XBRL DOCUMENT v3.22.2.2

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Assets Measured at Fair Value on a Recurring Basis

The following table sets forth the assets and liabilities measured at fair value on a recurring basis, by input level, in the Balance Sheets:

			September 30, 2022
(In millions)			Level 1						Level 2						Level 3						Total
Assets:
Marketable securities			$	2					$	2					$	—					$	4
Derivative instruments - interest rate swaps			—						3						—						3
Total assets at fair value			$	2					$	5					$	—					$	7

			December 31, 2021
(In millions)			Level 1						Level 2						Level 3						Total
Assets:
Restricted cash			$	1					$	1					$	—					$	2
Marketable securities			69						9						—						78
Derivative instruments - FX forward			—						1						—						1
Total assets at fair value			$	70					$	11					$	—					$	81
Liabilities:
Derivative instruments - interest rate swaps			$	—					$	28					$	—					$	28
Derivative instruments - FX forward			—						16						—						16
Total liabilities at fair value			$	—					$	44					$	—					$	44

Schedule of Derivative Instruments

The major terms of the interest rate swap agreements as of September 30, 2022 are as follows:

Effective Date						Notional Amount (In millions)						Fixed Rate Paid						Variable Rate Received as of September 30, 2022												Maturity Date
1/1/2019						250						2.274%						2.5239%												12/31/2022
1/1/2019						200						2.828%						2.5239%												12/31/2022
1/1/2019						200						2.828%						2.5239%												12/31/2022
1/1/2019						600						2.739%						2.5239%												12/31/2022

Schedule of Changes in AOCI by Component

The changes in AOCI by component, net of tax, for the periods through September 30, 2022 and 2021 are shown below.

(In millions)			Unrealized Net Gains on Derivative Instruments						Foreign Currency Translation Adjustments						Other						Total
Balances as of December 31, 2020			$	26					$	8					$	—					$	34
Other comprehensive loss before reclassifications			(2)						—						(1)						(3)
Amounts reclassified from accumulated other comprehensive income			14						—						—						14
Total other comprehensive income (loss), net of tax			12						—						(1)						11
Balances as of March 31, 2021			$	38					$	8					$	(1)					$	45
Other comprehensive income (loss) before reclassifications			(5)						(11)						3						(13)
Amounts reclassified from accumulated other comprehensive income			15						—						—						15
Total other comprehensive income (loss), net of tax			10						(11)						3						2
Balances as of June 30, 2021			$	48					$	(3)					$	2					$	47
Other comprehensive loss before reclassifications			(4)						(33)						(3)						(40)
Amounts reclassified from accumulated other comprehensive income			15						—						—						15
Total other comprehensive income (loss), net of tax			11						(33)						(3)						(25)
Balances as of September 30, 2021			$	59					$	(36)					$	(1)					$	22
Balances as of December 31, 2021			$	73					$	(36)					$	(1)					$	36
Other comprehensive income (loss) before reclassifications			5						(33)						—						(28)
Amounts reclassified from accumulated other comprehensive income			8						—						—						8
Total other comprehensive income (loss), net of tax			13						(33)						—						(20)
Balances as of March 31, 2022			$	86					$	(69)					$	(1)					$	16
Other comprehensive income (loss) before reclassifications			1						(44)						1						(42)
Amounts reclassified from accumulated other comprehensive income			6						—						—						6
Total other comprehensive income (loss), net of tax			7						(44)						1						(36)
Balances as of June 30, 2022			$	93					$	(113)					$	—					$	(20)
Other comprehensive income before reclassifications			1						110						—						111
Amounts reclassified from accumulated other comprehensive income			2						—						—						2
Total other comprehensive income, net of tax			3						110						—						113
Balances as of September 30, 2022			$	96					$	(3)					$	—					$	93

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration