Annual report pursuant to Section 13 and 15(d)

Assets and Liabilities Measured at Fair Value (Tables)

v3.20.4
Assets and Liabilities Measured at Fair Value (Tables)
12 Months Ended
Dec. 31, 2020
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, 2020 using
(in millions) Total Quoted prices
in active
markets for
identical
assets
(Level 1)
Significant
other
observable
inputs
(Level 2)
Significant
unobservable
inputs
(Level 3)
Current assets:
Cash equivalents $ 240  240  —  — 
Current liabilities:
Debt (note 8) 393  —  393  — 
Long-term liabilities:
Debt (note 8) 4,705  743  3,962  — 
  Interest rate swap arrangements (note 8) —  — 
Fair value measurements at December 31, 2019 using
(in millions) Total Quoted prices
in active
markets for
identical
assets
(Level 1)
Significant
other
observable
inputs
(Level 2)
Significant
unobservable
inputs
(Level 3)
Current assets:
Cash equivalents $ 272  272  —  — 
Interest rate swap arrangements (note 8) —  —  —  — 
Long-term liabilities:
Debt (note 8) 5,116  760  4,356  — 
Interest rate swap arrangements (note 8) —  —  —  —