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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]  
Estimated Fair Values and Carrying Values of Long-Term Debt and Line of Credit

The estimated fair values and carrying values of our long-term debt and line of credit consisted of the following:

 

 

 

SEPTEMBER 30,

2020

 

 

DECEMBER 31,

2019

 

DOLLAR AMOUNTS IN MILLIONS

 

CARRYING

VALUE

 

 

FAIR VALUE

(LEVEL 2)

 

 

CARRYING

VALUE

 

 

FAIR VALUE

(LEVEL 2)

 

Long-term debt (including current maturities) and line of credit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed rate

 

$

5,749

 

 

$

7,194

 

 

$

5,922

 

 

$

6,986

 

Variable rate

 

 

225

 

 

 

225

 

 

 

455

 

 

 

455

 

Total debt

 

$

5,974

 

 

$

7,419

 

 

$

6,377

 

 

$

7,441