v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities Measured on Recurring Basis
June 30, 2026December 31, 2025June 30, 2025
(In millions)
Level 2 1
Level 2 1
Level 2 1
Assets at fair value:
Marketable securities
$— $1 $1 
Debt securities:
 Foreign government bonds 2
23 30 102 
Derivatives relating to: 3
Foreign currency31 28 146 
Commodity contracts8 4 2 
Total assets at fair value$62 $63 $251 
Liabilities at fair value:
Derivatives relating to: 3
Foreign currency$93 $41 $190 
Commodity contracts4 9 4 
Total liabilities at fair value$97 $50 $194 
1.Reflects significant other observable inputs.
2.Represents the company's investments in debt securities that are classified as available-for-sale, which are included in marketable securities and other assets in the interim Consolidated Balance Sheets.
3.See Note 15 - Financial Instruments, to the interim Consolidated Financial Statements, for the classification of derivatives in the interim Consolidated Balance Sheets.