Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments and Fair Value Measurements (Tables)

v3.19.3
Financial Instruments and Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2019
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, 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
$
300

300



    Interest rate swap arrangements (note 6)
1


1


Long-term liabilities:
 
 
 
 
    Debt (note 6)
5,120

239

4,881


    Interest rate swap arrangements (note 6)
1


1




Fair value measurements at December 31, 2018 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
$
267

267



    Interest rate swap arrangements (note 6)
5


5


Debt (note 6)
4,758

189

4,569