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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]  
Estimated Fair Values and Carrying Values of Long-Term Debt

The estimated fair value and carrying value of our long-term debt consisted of the following:

 

 

 

 

 

 

 

 

 

DOLLAR AMOUNTS IN MILLIONS

 

MARCH 31,

2022

 

 

DECEMBER 31, 2021

 

Long-term fixed rate debt (including current maturities):

 

 

 

 

 

 

 

 

Carrying value

 

$

5,053

 

 

$

5,099

 

Fair value (level 2)

 

$

5,538

 

 

$

6,221