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FAIR VALUE MEASURES (Notes)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block]
FAIR VALUE MEASURES
The Company had $26 million and $31 million of fair value of available-for-sale securities, included in other non-current assets, as of March 31, 2020 and December 31, 2019, respectively. At March 31, 2020, $17 million in equity securities were valued at Level 1 and $9 million in fixed income securities were valued at Level 2. At December 31, 2019, $20 million in equity securities were valued at Level 1 and $11 million in fixed income securities were valued at Level 2. During the three months ended March 31, 2020 and 2019, the Company recognized $5 million in unrealized losses and $2 million in unrealized gains, respectively, on available-for-sale securities, reflected in other, net in our consolidated statements of operations. The carrying amounts of cash and cash equivalents, accounts receivable and accounts payable approximate fair value. Based on the estimated borrowing rates currently available to the Company and its subsidiaries for loans with similar terms and average maturities, the aggregate fair value of the Company’s consolidated debt obligations (excluding related company balances) was $202 million and $247 million at March 31, 2020 and December 31, 2019, respectively. The fair value of the Company’s consolidated debt obligations is a Level 2 valuation based on the observable inputs used for similar liabilities. The Company did not have any Level 3 instruments measured at fair value at March 31, 2020 or December 31, 2019, and there were no transfers between hierarchy levels during the periods presented.