The following table summarizes financial instruments subject to recurring fair value measurements as of March 31, 2019.
|
Carrying |
|
|
Total
fair |
|
|
Quoted prices
in active
markets for
identical
assets |
|
|
Significant
other
observable
inputs |
|
|
Significant
unobservable
inputs |
|
(In millions) |
value |
|
|
value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
164 |
|
|
$ |
164 |
|
|
$ |
164 |
|
|
$ |
— |
|
|
$ |
— |
|
Restricted investments (a) |
|
326 |
|
|
|
326 |
|
|
|
326 |
|
|
|
— |
|
|
|
— |
|
Deferred compensation investments (b) |
|
166 |
|
|
|
166 |
|
|
|
— |
|
|
|
166 |
|
|
|
— |
|
Investment of captive insurance company |
|
4 |
|
|
|
4 |
|
|
|
4 |
|
|
|
— |
|
|
|
— |
|
Foreign currency derivatives |
|
3 |
|
|
|
3 |
|
|
|
— |
|
|
|
3 |
|
|
|
— |
|
Total assets at fair value |
$ |
663 |
|
|
$ |
663 |
|
|
$ |
494 |
|
|
$ |
169 |
|
|
$ |
— |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency derivatives |
$ |
3 |
|
|
$ |
3 |
|
|
$ |
— |
|
|
$ |
3 |
|
|
$ |
— |
|
|
(a) |
Included in restricted investments is $30 million classified in the other current assets caption on the Condensed Consolidated Balance Sheets. |
|
(b) |
Included in other noncurrent assets in the Condensed Consolidated Balance Sheets. |
The following table summarizes financial asset instruments subject to recurring fair value measurements as of September 30, 2018.
|
Carrying |
|
|
Total
fair |
|
|
Quoted prices
in active
markets for
identical
assets |
|
|
Significant
other
observable
inputs |
|
|
Significant
unobservable
inputs |
|
(In millions) |
value |
|
|
value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
294 |
|
|
$ |
294 |
|
|
$ |
294 |
|
|
$ |
— |
|
|
$ |
— |
|
Restricted investments (a) |
|
342 |
|
|
|
342 |
|
|
|
342 |
|
|
|
— |
|
|
|
— |
|
Deferred compensation investments (b) |
|
165 |
|
|
|
165 |
|
|
|
— |
|
|
|
165 |
|
|
|
— |
|
Investment of captive insurance company |
|
3 |
|
|
|
3 |
|
|
|
3 |
|
|
|
— |
|
|
|
— |
|
Foreign currency derivatives |
|
11 |
|
|
|
11 |
|
|
|
— |
|
|
|
11 |
|
|
|
— |
|
Total assets at fair value |
$ |
815 |
|
|
$ |
815 |
|
|
$ |
639 |
|
|
$ |
176 |
|
|
$ |
— |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency derivatives |
$ |
3 |
|
|
$ |
3 |
|
|
$ |
— |
|
|
$ |
3 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Included in restricted investments is $30 million classified in the other current assets caption on the Condensed Consolidated Balance Sheets. |
|
(b) |
Included in other noncurrent assets in the Condensed Consolidated Balance Sheets. |
|