XML 93 R44.htm IDEA: XBRL DOCUMENT v3.22.4
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Summary of Carrying Value and Fair Value of Other Financial Instruments
A summary of the carrying value and fair value of other financial instruments were as follows:
December 31, 2022December 31, 2021
(In millions)ClassificationCarrying
Value
Fair ValueCarrying
Value
Fair Value
Senior notesLevel 1$2,385 $2,311 $3,561 $3,911 
IRBsLevel 1  68 66 
ABL Facility - outstanding balanceLevel 21,864 1,864 1,609 1,609 
Total$4,249 $4,175 $5,238 $5,586 
The valuation of financial assets classified in Level 2 was determined using a market approach based upon quoted prices for similar assets in active markets or other inputs that were observable.