v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Estimated Fair Values and Carrying Values of Long-Term Debt

The estimated fair value and carrying value of our long-term debt consisted of the following:

 

 

 

JUNE 30,
2025

 

 

DECEMBER 31,
2024

 

DOLLAR AMOUNTS IN MILLIONS

 

CARRYING
VALUE

 

 

FAIR VALUE
(LEVEL 2)

 

 

CARRYING
VALUE

 

 

FAIR VALUE
(LEVEL 2)

 

Long-term debt (including current maturities) and line of credit:

 

 

 

 

 

 

 

 

 

 

 

 

Fixed rate

 

$

4,620

 

 

$

4,606

 

 

$

4,827

 

 

$

4,757

 

Variable rate

 

 

548

 

 

 

550

 

 

 

249

 

 

 

250

 

Total debt

 

$

5,168

 

 

$

5,156

 

 

$

5,076

 

 

$

5,007