Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments and Fair Value Measurements (Tables)

v3.8.0.1
Financial Instruments and Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2017
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, 2017 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
$
88

88

—

—

Noncurrent assets:




Interest rate swap arrangements
2

—

2

—

Long-term liabilities:




Debt (note 6)
5,044

—

5,044

—



Fair value measurements at December 31, 2016 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
$
113

113

—

—

Noncurrent assets:








Interest rate swap arrangements
2

—

2

—

Long-term liabilities:








Debt (note 6)
5,092

—

5,092

—