Annual report pursuant to Section 13 and 15(d)

Assets and Liabilities Measured at Fair Value (Tables)

v3.22.4
Assets and Liabilities Measured at Fair Value (Tables)
12 Months Ended
Dec. 31, 2022
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, 2022 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 $ 64  64  —  — 
Current liabilities:
Debt (note 8) 213  —  213  — 
Foreign currency forward
10  —  10  — 
Long-term liabilities:
Debt (note 8) 3,520  346  3,174  — 
Fair value measurements at December 31, 2021 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 $ 124  124  —  — 
Current liabilities:
Interest rate swap arrangements —  — 
Long-term liabilities:
Debt (note 8) 5,076  745  4,331  —