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Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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 June 30, 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):

		June 30, 2024								December 31, 2023
		Carrying				Estimated Fair				Carrying				Estimated Fair
		Amount				Value				Amount				Value
Assets:
Cash and cash equivalents		$	39			$	39			$	38			$	38
Investments in equity securities			64				64				69				69
Available-for-sale debt securities			178				178				182				182
Trading securities			5				5				5				5
Liabilities:
8% Senior Secured Notes due 2026			—				—				1,109				1,114
8% Senior Secured Notes due 2027			695				695				695				679
5⅝% Senior Secured Notes due 2027			1,855				1,769				1,847				1,767
6⅞% Senior Notes due 2028			622				458				750				470
6% Senior Secured Notes due 2029			624				567				622				580
5¼% Senior Secured Notes due 2030			1,463				1,269				1,458				1,287
4¾% Senior Secured Notes due 2031			1,054				829				1,054				834
10⅞% Senior Secured Notes due 2032			2,211				2,316				982				1,047
6⅞% Junior-Priority Secured Notes due 2029			1,168				954				1,162				812
6⅛% Junior-Priority Secured Notes due 2030			1,170				858				1,167				781
ABL Facility and other debt			300				300				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

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X

- References

No definition available.

+ Details

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