Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments and Fair Value Measurements (Tables)

v3.20.1
Financial Instruments and Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of fair value, assets and liabilities measured on recurring basis
The Company's assets and liabilities measured or disclosed at fair value were as follows:
 
 
Fair value measurements at March 31, 2020 using
 
(in millions)
Total

Quoted prices
in active
markets for
identical
assets
(Level 1)

Significant
other
observable
inputs
(Level 2)

Significant
unobservable
inputs
(Level 3)

Current assets:
 
 
 
 
    Cash equivalents
$
242

242



Long-term liabilities:
 
 
 
 
Long-term debt excluding finance lease obligations (note 5)
4,068

530

3,538


Interest rate swap arrangements (note 5)
4


4




Fair value measurements at December 31, 2019 using
 
(in millions)
Total

Quoted prices
in active
markets for
identical
assets
(Level 1)

Significant
other
observable
inputs
(Level 2)

Significant
unobservable
inputs
(Level 3)

Current assets:
 
 
 
 
    Cash equivalents
$
272

272



    Interest rate swap arrangements (note 5)




Long-term liabilities:
 
 
 
 
Long-term debt excluding finance lease obligations (note 5)
5,116

760

4,356


Interest rate swap arrangements (note 5)