The tables below present assets and liabilities measured at fair value on a recurring basis (in millions).


		March 31, 2026
Category	Balance Sheet Location	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents:
Time deposits	Cash and cash equivalents	$	—	$	134	$	—	$	134

Equity securities:
Money market fund	Cash and cash equivalents	58		—		—		58

Mutual funds	Prepaid expenses and other current assets	15		—		—		15
Company-owned life insurance contracts	Prepaid expenses and other current assets	—		2		—		2
Mutual funds	Other noncurrent assets	201		—		—		201
Company-owned life insurance contracts	Other noncurrent assets	—		102		—		102



Total		$	274	$	238	$	—	$	512
Liabilities
Deferred compensation plan	Accrued liabilities	$	61	$	—	$	—	$	61
Deferred compensation plan	Other noncurrent liabilities	674		—		—		674
Total		$	735	$	—	$	—	$	735


		December 31, 2025
Category	Balance Sheet Location	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents:
Time deposits	Cash and cash equivalents	$	—	$	107	$	—	$	107

Equity securities:
Money market funds	Cash and cash equivalents	61		—		—		61

Mutual funds	Prepaid expenses and other current assets	14		—		—		14
Company-owned life insurance contracts	Prepaid expenses and other current assets	—		2		—		2
Mutual funds	Other noncurrent assets	205		—		—		205
Company-owned life insurance contracts	Other noncurrent assets	—		105		—		105

Total		$	280	$	214	$	—	$	494
Liabilities
Deferred compensation plan	Accrued liabilities	$	66	$	—	$	—	$	66
Deferred compensation plan	Other noncurrent liabilities	682		—		—		682
Total		$	748	$	—	$	—	$	748