Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Estimated Fair Value of Financial Instruments, by Balance Sheet Grouping

The fair value of financial instruments has been estimated by the Company using available market information as of December 31, 2022 and 2021, and valuation methodologies considered appropriate. The estimates presented in the table below are not necessarily indicative of amounts the Company could realize in a current market exchange (in millions):

	December 31, 2022				December 31, 2021
	Carrying		Estimated Fair		Carrying		Estimated Fair
	Amount		Value		Amount		Value
Assets:
Cash and cash equivalents	$	118	$	118	$	507	$	507
Investments in equity securities		107		107		144		144
Available-for-sale debt securities		179		179		178		178
Trading securities		5		5		13		13
Liabilities:
6⅝% Senior Secured Notes due 2025		—		—		1,434		1,517
8% Senior Secured Notes due 2026		2,083		1,917		2,078		2,210
8% Senior Secured Notes due 2027		693		631		692		758
5⅝% Senior Secured Notes due 2027		1,833		1,633		1,819		2,011
6⅞% Senior Notes due 2028		749		389		759		758
6% Senior Secured Notes due 2029		865		751		860		966
5¼% Senior Secured Notes due 2030		1,448		1,166		—		—
4¾% Senior Secured Notes due 2031		1,053		766		1,090		1,108
6⅞% Junior-Priority Secured Notes due 2029		1,282		720		1,625		1,823
6⅛% Junior-Priority Secured Notes due 2030		1,164		615		1,352		1,431
ABL Facility and other debt		85		85		32		32