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FAIR VALUE MEASUREMENTS
9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS
NOTE 9 - FAIR VALUE MEASUREMENTS
The carrying values of certain financial instruments (e.g., Accounts receivable, net, Accounts payable and Other current liabilities) approximate fair value and, therefore, have been excluded from the table below. See NOTE 13 - DERIVATIVE INSTRUMENTS for information on our derivative instruments, which are accounted for at fair value on a recurring basis.
A summary of the carrying value and fair value of other financial instruments were as follows:
(In Millions)
September 30, 2022December 31, 2021
Classification
Carrying
Value
Fair
Value
Carrying
Value
Fair
Value
Senior notesLevel 1$2,385 $2,219 $3,561 $3,911 
IRBs due 2024 to 2028Level 1  68 66 
ABL Facility - outstanding balanceLevel 22,090 2,090 1,609 1,609 
Total$4,475 $4,309 $5,238 $5,586