v3.26.1
Fair Value of Financial Information (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Carrying Amounts and Fair Values of Financial Instruments
Presented in the tables below are the carrying amounts, including fair value adjustments previously recognized in acquisition purchase accounting, and the fair values of the Company’s financial instruments:
As of June 30, 2026
Carrying AmountAt Fair Value
 Level 1Level 2Level 3Total
Preferred stock with mandatory redemption requirements$3 $— $— $3 $3 
Long-term debt14,489 12,697 30 623 13,350 
As of December 31, 2025
 Carrying AmountAt Fair Value
 Level 1Level 2Level 3Total
Preferred stock with mandatory redemption requirements$3 $— $— $3 $3 
Long-term debt14,256 11,653 1,065 616 13,334 
Schedule of Fair Value Measurements of Assets and Liabilities on Recurring Basis
Presented in the tables below are assets and liabilities measured and recorded at fair value on a recurring basis and their level within the fair value hierarchy:
As of June 30, 2026
 Level 1Level 2Level 3Total
Assets:    
Restricted funds$37 $— $— $37 
Rabbi trust investments36 — — 36 
Deposits139 — — 139 
Other investments:
Money market and other33 — — 33 
Fixed-income securities1 2 — 3 
Total assets246 2 — 248 
Liabilities:    
Deferred compensation obligations39 — — 39 
Total liabilities39 — — 39 
Total assets$207 $2 $— $209 
As of December 31, 2025
 Level 1Level 2Level 3Total
Assets:    
Restricted funds$41 $— $— $41 
Rabbi trust investments32 — — 32 
Deposits124 — — 124 
Other investments:
Money market and other20 — — 20 
Fixed-income securities28 7 — 35 
Mark-to-market derivative asset— 2 — 2 
Total assets245 9 — 254 
Liabilities:    
Deferred compensation obligations38 — — 38 
Total liabilities38 — — 38 
Total assets $207 $9 $— $216 
Schedule of Unrealized Positions for Available-for-Sale Fixed-Income Securities
The following tables summarize the unrealized positions for available-for-sale fixed-income securities:
As of June 30, 2026
Amortized Cost BasisGross Unrealized GainsGross Unrealized LossesFair Value
Available-for-sale fixed-income securities$3 $— $— $3 
As of December 31, 2025
Amortized Cost BasisGross Unrealized GainsGross Unrealized LossesFair Value
Available-for-sale fixed-income securities$36 $— $1 $35 
Schedule of Investments Classified by Contractual Maturity Date
The fair value of the Company’s available-for-sale fixed-income securities, summarized by contractual maturities, as of June 30, 2026, is as follows:
Amount
Other investments - Available-for-sale fixed-income securities
1 year - 5 years$1 
5 years - 10 years1 
Greater than 10 years1 
Total$3