v3.25.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities Measured on Recurring Basis
March 31, 2025December 31, 2024March 31, 2024
(In millions)
Level 21
Level 21
Level 21
Assets at fair value:
Marketable securities
$1 $63 $153 
Debt securities:
Foreign government bonds2
99 97 103 
Derivatives relating to:3
Foreign currency113 71 22 
Commodity contracts7 20 3 
Total assets at fair value$220 $251 $281 
Liabilities at fair value:
Derivatives relating to:3
Foreign currency63 104 60 
Commodity contracts7 7 7 
Total liabilities at fair value$70 $111 $67 
1.Reflects significant other observable inputs.
2.Represents the company's investments in debt securities that are classified as available-for-sale, which are included in other assets in the interim Consolidated Balance Sheets.
3.See Note 15 - Financial Instruments for the classification of derivatives in the interim Consolidated Balance Sheets.