v3.25.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements - Recurring & Disclosure The fair values of certain financial instruments and the hierarchy level we used to estimate the fair values are shown below:
December 31, 2025
Hierarchy Level
Carrying Value(1)
Level 1Level 2Level 3
(in millions)
Assets:
Interest rate swap
$7 $— $7 $— 
Liabilities:
Long-term debt(2)
12,119 8,922 — 3,142 

December 31, 2024
Hierarchy Level
Carrying Value(1)
Level 1Level 2Level 3
(in millions)
Assets:
Interest rate swap
$45 $— $45 $— 
Liabilities:
Long-term debt(2)
11,119 7,560 — 3,140 
____________
(1)The fair values of cash equivalents and restricted cash equivalents approximate their carrying values due to their short-term maturities. The fair values of all other financial instruments not included in these tables are estimated to be equal to their carrying values.
(2)The carrying values and fair values exclude the deduction for unamortized deferred financing costs and any applicable discounts, as well as all finance lease liabilities; refer to Note 10: "Debt" for additional information.
Fair Value Measurements - Nonrecurring The fair values of these assets as of December 31, 2023, the date of measurement, were as follows:
(in millions)
Other intangible assets, net$3 
Operating lease right-of-use assets69 
Property and equipment, net1