v3.25.2
Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments The carrying values, net of deferred debt issuance costs, and estimated fair values of debt with fixed interest rates (classified as Level
2 in the fair value hierarchy) were as follows:
June 30, 2025
December 31, 2024
Book Value
Fair Value
Book Value
Fair Value
Debt with fixed interest rates
$11,775
$11,783
$11,370
$11,289
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis The Company measures and records certain assets and liabilities, including derivative instruments at fair value. The following table
summarizes the fair value of these instruments, which are measured at fair value on a recurring basis, by level, within the fair value
hierarchy:
Level 1
Level 2
June 30,
December 31,
June 30,
December 31,
2025
2024
2025
2024
Assets
Other Investments:
Listed
$2
$2
$
$
Unlisted
11
10
Derivatives in cash flow hedging relationships
3
Derivatives not designated as hedging instruments
47
11
Assets measured at fair value
$2
$2
$58
$24
Liabilities
Derivatives in cash flow hedging relationships
$
$
$19
$1
Derivatives not designated as hedging instruments
2
13
Liabilities measured at fair value
$
$
$21
$14
Transfer of Financial Assets Accounted for as Sales The following table presents a summary of the accounts receivable monetization agreements for the six months ended June 30, 2025:
Receivable from financial institutions at December 31, 2024
$
Receivables sold to the financial institutions and derecognized
(1,323)
Receivables collected by financial institutions
1,335
Cash payments to financial institutions
(12)
Receivable from financial institutions at June 30, 2025
$