v3.26.1
Non-Derivative Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis XPLR’s fair value measurements made on a recurring basis by fair value hierarchy level are as follows:
June 30, 2026December 31, 2025
Level 1Level 2TotalLevel 1Level 2Total
(millions)
Assets:
Cash equivalents
$218 $— $218 $623 $— 

$623 
Total assets$218 $— $218 $623 $— 

$623 
Schedule of other financial instrument, carrying amounts and estimated fair values The carrying amounts and estimated fair values of other financial instruments recorded at other than fair value are as follows:
June 30, 2026December 31, 2025
Carrying
Value		Fair
Value		Carrying
Value		Fair
Value
(millions)
Long-term debt, including current maturities(a)
$6,030 $6,216 $6,202 $6,312 
____________________
(a)    At June 30, 2026 and December 31, 2025, approximately $6,203 million and $6,298 million, respectively, of the fair value is estimated using a market approach based on quoted market prices for the same or similar issues (Level 2); the balance is estimated using an income approach utilizing a discounted cash flow valuation technique, considering the current credit profile of the debtor (Level 3). At December 31, 2025, approximately $494 million of the fair value relates to the 2022 convertible notes and is Level 2 (see Note 7).