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Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Estimated Fair Value of Financial Instruments, by Balance Sheet Grouping

The fair value of financial instruments has been estimated by the Company using available market information as of March 31, 2024 and December 31, 2023, and valuation methodologies considered appropriate. The estimates presented in the table below are not necessarily indicative of amounts the Company could realize in a current market exchange (in millions):

		March 31, 2024								December 31, 2023
		Carrying				Estimated Fair				Carrying				Estimated Fair
		Amount				Value				Amount				Value
Assets:
Cash and cash equivalents		$	48			$	48			$	38			$	38
Investments in equity securities			65				65				69				69
Available-for-sale debt securities			178				178				182				182
Trading securities			5				5				5				5
Liabilities:
8% Senior Secured Notes due 2026			1,110				1,114				1,109				1,114
8% Senior Secured Notes due 2027			695				688				695				679
5⅝% Senior Secured Notes due 2027			1,851				1,751				1,847				1,767
6⅞% Senior Notes due 2028			750				534				750				470
6% Senior Secured Notes due 2029			623				562				622				580
5¼% Senior Secured Notes due 2030			1,460				1,253				1,458				1,287
4¾% Senior Secured Notes due 2031			1,054				818				1,054				834
10⅞% Senior Secured Notes due 2032			982				1,031				982				1,047
6⅞% Junior-Priority Secured Notes due 2029			1,165				934				1,162				812
6⅛% Junior-Priority Secured Notes due 2030			1,169				885				1,167				781
ABL Facility and other debt			341				341				275				275

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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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X

- References

No definition available.

+ Details

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