FINANCIAL INSTRUMENTS Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value Measurements of Assets and Liabilities

The following table presents information about the fair value measurement of our assets and liabilities as of September 30, 2020 and December 31, 2019 (in millions):

Financial Instruments Recorded at Fair Value on a Recurring Basis:	Fair Value Measurement Level	September 30, 2020		December 31, 2019
Assets:
Investments — mutual and bond funds (1)	1	$	2	$	2
Derivative asset — energy hedges (1)	2	2		12
Total assets		$	4	$	14
Liabilities:
Derivative liability — interest rate swaps (2)	2	$	10	$	2
Total liabilities		$	10	$	2

(1)Included in Other assets in the condensed consolidated balance sheets.

(2)The short-term balance was included in Accrued expenses and other current liabilities and the long-term balance was included in Other liabilities in the condensed consolidated balance sheets.

The following financial instruments are recorded at their carrying amount (in millions):