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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables provide information by level for assets and liabilities that are measured at fair value on a recurring basis at December 31, 2023 and 2022 .
Fair Value atFair Value Measurements Using Inputs Considered as
Level 1Level 2Level 3
Description (Millions)20232022202320222023202220232022
Assets:
Available-for-sale:
Marketable securities:
Commercial paper$ $213 $ $— $ $213 $ $— 
Certificates of deposit/time deposits 49 21  — 49 21  — 
U.S. municipal securities 24 27  —  — 24 27 
Derivative instruments — assets:
Foreign currency forward/option contracts 84 217  — 84 217  — 
Liabilities:
Derivative instruments — liabilities:
Foreign currency forward/option contracts 39 40  — 39 40  — 
Interest rate contracts88 102 — — 88 102 — — 
Schedule of Fair Value, by Balance Sheet Grouping Information with respect to the carrying amounts and estimated fair values of these financial instruments follow:
December 31, 2023December 31, 2022
(Millions)Carrying ValueFair ValueCarrying ValueFair Value
Long-term debt, excluding current portion$13,088 $11,859 $14,001 $12,484