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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
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:

 

DOLLAR AMOUNTS IN MILLIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DECEMBER 31, 2021

 

 

DECEMBER 31, 2020

 

 

 

CARRYING

VALUE

 

 

FAIR VALUE

(LEVEL 2)

 

 

CARRYING

VALUE

 

 

FAIR VALUE

(LEVEL 2)

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed rate

 

$

5,099

 

 

$

6,221

 

 

$

5,250

 

 

$

6,718

 

Variable rate

 

 

—

 

 

 

—

 

 

 

225

 

 

 

225

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Debt

 

$

5,099

 

 

$

6,221

 

 

$

5,475

 

 

$

6,943