Estimated Fair Value Measurements

Quoted

Significant

Prices

Other

Significant

in Active

Observable

Unobservable

Carrying

Markets

Inputs

(In millions)

Value

(Level 1)

(Level 2)

(Level 3)

As of June 30, 2025:

Other assets

$

1

$

—

$

1

$

—

Total assets

$

1

$

—

$

1

$

—

Other accrued liabilities

$

4

$

—

$

4

$

—

Other long-term liabilities

14

—

14

—

Total liabilities

$

18

$

—

$

18

$

—

As of December 31, 2024:

Marketable securities

$

15

$

6

$

9

$

—

Other assets

3

—

3

—

Long-term marketable securities

38

2

36

—

Total assets

$

56

$

8

$

48

$

—

Other long-term liabilities

$

3

$

—

$

3

$

—

Total liabilities

$

3

$

—

$

3

$

—