Assets and liabilities of the Company are measured at fair value on a recurring basis as of June 30, 2025, and are summarized as follows:
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Fair Value Measurements at Reporting Date Using |
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Description |
|
June 30, 2025 |
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|
Quoted Prices in
Active Markets for
Identical Assets
(Level 1) |
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Significant
Other
Observable
Inputs
(Level 2) |
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Significant
Unobservable
Inputs
(Level 3) |
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Assets: |
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Cash equivalents: |
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Money market funds |
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$ |
171 |
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$ |
171 |
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$ |
— |
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$ |
— |
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Time deposits |
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5 |
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— |
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5 |
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|
— |
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Equity securities |
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2 |
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2 |
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— |
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— |
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Available-for-sale securities: |
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Group insurance contracts |
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7 |
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— |
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7 |
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— |
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Derivatives |
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Foreign exchange forward contracts |
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2 |
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— |
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2 |
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— |
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Interest rate swaps - non-current |
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12 |
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— |
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12 |
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— |
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Pension and deferred compensation plan assets |
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22 |
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|
|
— |
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|
22 |
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|
|
— |
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Total assets |
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$ |
221 |
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|
$ |
173 |
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|
$ |
48 |
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|
$ |
— |
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Liabilities: |
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Derivatives |
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|
|
|
|
|
|
|
|
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Foreign exchange forward contracts-current |
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$ |
4 |
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|
$ |
— |
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|
$ |
4 |
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|
$ |
— |
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Interest rate swaps - current |
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|
6 |
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|
|
— |
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|
|
6 |
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|
|
— |
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Total liabilities |
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$ |
10 |
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|
$ |
— |
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|
$ |
10 |
|
|
$ |
— |
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Reported as follows: |
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Assets: |
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Cash and cash equivalents(1) |
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$ |
176 |
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$ |
171 |
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$ |
5 |
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|
$ |
— |
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Other current assets |
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|
2 |
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— |
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|
2 |
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— |
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Total current assets |
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$ |
178 |
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$ |
171 |
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$ |
7 |
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|
$ |
— |
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Other assets |
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$ |
43 |
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$ |
2 |
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$ |
41 |
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|
$ |
— |
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Liabilities: |
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|
|
|
|
|
|
|
|
|
|
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Other current liabilities |
|
$ |
10 |
|
|
$ |
— |
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|
$ |
10 |
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|
$ |
— |
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(1)The cash and cash equivalents amount presented in the table above does not include cash of $498 as of June 30, 2025. Assets and liabilities of the Company are measured at fair value on a recurring basis as of December 31, 2024, and are summarized as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements at Reporting Date Using |
|
Description |
|
December 31, 2024 |
|
|
Quoted Prices in
Active Markets for
Identical Assets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
289 |
|
|
$ |
289 |
|
|
$ |
— |
|
|
$ |
— |
|
Time deposits |
|
|
5 |
|
|
|
— |
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|
|
5 |
|
|
|
— |
|
Equity securities |
|
|
1 |
|
|
|
1 |
|
|
|
— |
|
|
|
— |
|
Available-for-sale securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Group insurance contracts |
|
|
6 |
|
|
|
— |
|
|
|
6 |
|
|
|
— |
|
Derivatives |
|
|
|
|
|
|
|
|
|
|
|
|
Foreign exchange forward contracts |
|
|
9 |
|
|
|
— |
|
|
|
9 |
|
|
|
— |
|
Interest rate swaps - current |
|
|
3 |
|
|
|
— |
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|
|
3 |
|
|
|
— |
|
Interest rate swaps - non-current |
|
|
35 |
|
|
|
— |
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|
|
35 |
|
|
|
— |
|
Pension and deferred compensation plan assets |
|
|
22 |
|
|
|
— |
|
|
|
22 |
|
|
|
— |
|
Total assets |
|
$ |
370 |
|
|
$ |
290 |
|
|
$ |
80 |
|
|
$ |
— |
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Liabilities: |
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|
|
|
|
|
|
|
|
|
|
|
Derivatives |
|
|
|
|
|
|
|
|
|
|
|
|
Foreign exchange forward contracts-current |
|
$ |
3 |
|
|
$ |
— |
|
|
$ |
3 |
|
|
$ |
— |
|
Interest rate swaps - current |
|
|
4 |
|
|
|
— |
|
|
|
4 |
|
|
|
— |
|
Total liabilities |
|
$ |
7 |
|
|
$ |
— |
|
|
$ |
7 |
|
|
$ |
— |
|
Reported as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents (1) |
|
$ |
294 |
|
|
$ |
289 |
|
|
$ |
5 |
|
|
$ |
— |
|
Other current assets |
|
|
12 |
|
|
|
— |
|
|
|
12 |
|
|
|
— |
|
Total current assets |
|
$ |
306 |
|
|
$ |
289 |
|
|
$ |
17 |
|
|
$ |
— |
|
Other assets |
|
$ |
64 |
|
|
$ |
1 |
|
|
$ |
63 |
|
|
$ |
— |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Other current liabilities |
|
$ |
7 |
|
|
$ |
— |
|
|
$ |
7 |
|
|
$ |
— |
|
(1)The cash and cash equivalents amount presented in the table above does not include cash of $420 as of December 31, 2024.
|