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Fair Value Of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Of Financial Instruments [Abstract]  
Pension Plan Assets Measured At Fair Value On Recurring Basis

Fair Value Measurements at December 31, 2023

($ in millions)

Total

Level 1

Level 2

Level 3

Cash and Cash Equivalents

$

128 

$

128 

$

-

$

-

Government Obligations

300 

-

300 

-

Corporate and Other Obligations

160 

-

160 

-

Equities

90 

90 

-

-

Interest in Limited Partnerships and

Limited Liability Companies

162

-

-

162

Commingled Funds

1,310

1,310

Total investments at fair value

$

2,150 

$

218 

$

1,770

$

162

Interest in Registered Investment Companies (1)

54 

Interest in Limited Partnerships and

Limited Liability Companies (1)

81 

Interest and Dividend Receivable

5 

Due from Broker for Securities Sold

11 

Value of Funds Held in Insurance Co.

5 

Due to Broker for Securities Purchased

(38)

Total Plan Assets, at Fair Value

$

2,268 

Fair Value Measurements at December 31, 2022

($ in millions)

Total

Level 1

Level 2

Level 3

Cash and Cash Equivalents

$

67 

$

67 

$

-

$

-

Government Obligations

62 

-

62 

-

Corporate and Other Obligations

289 

-

289 

-

Equities

136 

136 

-

-

Interest in Registered Investment Companies (1)

48 

48 

-

-

Interest in Limited Partnerships and

Limited Liability Companies

156 

-

-

156 

Total investments at fair value

$

758 

$

251 

$

351 

$

156 

Commingled Funds (1)

1,252 

Interest and Dividend Receivable

4 

Due from Broker for Securities Sold

54 

Value of Funds Held in Insurance Co.

5 

Due to Broker for Securities Purchased

(40)

Total Plan Assets, at Fair Value

$

2,033 

(1)In accordance with Subtopic 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. These balances are intended to permit reconciliation of the fair value hierarchy to the plan asset amounts presented in Note 19 - Retirement Plans.

Changes In Fair Value of Plan's Level 3 Assets

Interest in Limited Partnerships and Limited Liability Companies

($ in millions)

2023

2022

Balance at beginning of year

$

156 

$

165 

Realized gains

13 

14 

Unrealized gains

6 

(9)

Purchases

-

-

Sales and distributions

(13)

(14)

Balance at end of year

$

162

$

156 

Redemption Of The Plan's Level 3 Investments

Liquidation

Capitalization

($ in millions)

Fair Value

Period

Rate

Interest in Limited Partnerships and Limited Liability Companies (2)

426 E. Casino Road, LLC (1)

$

18

N/A

7.00%

100 Comm Drive, LLC (1)

10

N/A

8.25%

100 CTE Drive, LLC (1)

12

N/A

9.75%

6430 Oakbrook Parkway, LLC (1)

28

N/A

7.50%

8001 West Jefferson, LLC (1)

24

N/A

9.00%

1500 MacCorkle Ave SE, LLC (1)

14

N/A

9.25%

400 S. Pike Road West, LLC (1)

1

N/A

9.00%

601 N. US 131, LLC (1)

1

N/A

9.50%

9260 E. Stockton Blvd., LLC (1)

7

N/A

7.75%

120 E. Lime Street, LLC (1)

10

N/A

9.00%

610 N. Morgan Street, LLC (1)

37

N/A

8.50%

Total Interest in Limited Partnerships and Limited Liability Companies

$

162

(1)The entity invests in commercial real estate properties that are leased to Frontier. The leases are triple net, whereby we are responsible for all expenses, including but not limited to, insurance, repairs and maintenance and payment of property taxes.

(2)All Level 3 investments have the same redemption frequency (through the liquidation of underlying investments) and redemption notice period (none). The fair value of these properties is based on independent appraisals.

Fair Value Of Long-Term Debt

2023

2022

Carrying

Carrying

($ in millions)

Amount

Fair Value

Amount

Fair Value

Total debt

$

11,231 

$

10,712

$

8,963 

$

8,079