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Assets and Liabilities Measured at Fair Value (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of fair value, assets and liabilities measured on recurring basis
The Company’s assets and liabilities measured or disclosed at fair value were as follows:
Fair value measurements at December 31, 2024 using
(in millions)TotalQuoted prices
in active
markets for
identical
assets
(Level 1)
Significant
other
observable
inputs
(Level 2)
Significant
unobservable
inputs
(Level 3)
Current assets:
Cash equivalents$52 52 — — 
Current liabilities:
Debt (note 7)585 — 585 — 
Long-term liabilities:
Debt (note 7)2,552 344 2,208 — 
Fair value measurements at December 31, 2023 using
(in millions)TotalQuoted prices
in active
markets for
identical
assets
(Level 1)
Significant
other
observable
inputs
(Level 2)
Significant
unobservable
inputs
(Level 3)
Current assets:
Cash equivalents$41 41 — — 
Current liabilities:
Debt (note 7)420 — 420 — 
Long-term liabilities:
Debt (note 7)2,950 328 2,622 —