Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments and Fair Value Measurements (Tables)

v3.23.2
Financial Instruments and Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2023
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 June 30, 2023 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 $ 144  144  —  — 
Current liabilities:
     Debt (note 4) 414  —  414  — 
Long-term liabilities:
Debt (note 4) 3,251  306  2,945  — 
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 4) 213  —  213  — 
Foreign currency forwards 10  —  10  — 
Long-term liabilities:
Debt (note 4) 3,520  346  3,174  —