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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2024
Fair Value Disclosures [Abstract] |
Fair Value of Assets and Liabilities Measured on Recurring Basis |
|  |  |  | March 31, 2024 |  | December 31, 2023 | March 31, 2023
(In millions) |  |  | Level 2 1 |  | Level 2 1 | Level 2 1
Assets at fair value: |  |  |  |  |  |  |
Marketable securities |  |  |  | $ | 153 |  |  | $ | 98 |  | $ | 85 |
Debt securities: |  |  |  |  |  |  |
Foreign government bonds 2 |  |  |  | 103 |  |  | — |  | — |
Derivatives relating to:3 |  |  |  |  |  |  |
Foreign currency |  |  |  | 22 |  |  | 83 |  | 41 |
Commodity contracts |  |  |  | 3 |  |  | 5 |  | 2 |
Total assets at fair value |  |  |  | $ | 281 |  |  | $ | 186 |  | $ | 128 |
Liabilities at fair value: |  |  |  |  |  |  |
Derivatives relating to:3 |  |  |  |  |  |  |
Foreign currency |  |  |  | 60 |  |  | 61 |  | 87 |
Commodity contracts |  |  |  | 7 |  |  | 14 |  | 15 |
Total liabilities at fair value |  |  |  | $ | 67 |  |  | $ | 75 |  | $ | 102 |
1.Reflects significant other observable inputs. 2.Represents the company's investments in debt securities that are classified as available-for-sale, which are included in other assets in the interim Consolidated Balance Sheets. 3.See Note 16 - Financial Instruments for the classification of derivatives in the interim Consolidated Balance Sheets.

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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