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FAIR VALUE MEASURES (Notes)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block]
FAIR VALUE MEASURES
The Company had $29 million and $31 million of fair value of available-for-sale securities, included in other non-current assets, as of June 30, 2020 and December 31, 2019, respectively. At June 30, 2020, $19 million in equity securities were valued at Level 1 and $10 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 June 30, 2020 and 2019, the Company recognized $3 million and $1 million in unrealized gains, respectively, on available-for-sale securities. During the six months ended June 30, 2020 and 2019, the Company recognized $2 million in unrealized losses and $3 million in unrealized gains, respectively, on available-for-sale securities, unrealized gains and losses on available-for-sale securities are 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 $244 million and $247 million at June 30, 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 June 30, 2020 or December 31, 2019, and there were no transfers between hierarchy levels during the periods presented.