Fair Value (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Carrying and Estimated Fair Value

The estimated fair value of the Company's outstanding debt is as follows:

		June 30, 2020				December 31, 2019
	Fair value hierarchy	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-term debt (including current maturities):
Term loans and senior notes	Level 2	$	5,121	$	4,641	$	5,179	$	5,113

The following table presents the assets and liabilities included in the Company's condensed consolidated balance sheets at June 30, 2020 and December 31, 2019 that are recognized at fair value on a recurring basis and indicate the fair value hierarchy utilized to determine such fair values:

		June 30, 2020				December 31, 2019
	Fair value hierarchy	Carrying Amount		Fair Value		Carrying Amount			Fair Value
Derivative asset (liability) instruments:
Swap agreements	Level 2	$	1	$	1	$	(1	)	$	(1	)
Commodity contracts	Level 2	$	1	$	1	$	—		$	—