Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments and Fair Value Measurements (Tables)

v3.20.2
Financial Instruments and Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 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 September 30, 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 $ 192  192  —  — 
Long-term liabilities:
Long-term debt excluding finance lease obligations (note 5) 4,481  666  3,815  — 
     Interest rate swap arrangements (note 5) 3  —  3  — 
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) —  —  —  —