The Company’s financial assets and liabilities set forth by level within the fair value hierarchy that were accounted for at fair value on a recurring basis were as follows:



	June 30, 2026
(in millions)	Total		Level 1		Level 2		Level 3

Assets

Interest rate swap asset related to long-term debt	$	15	$	—	$	15	$	—

Cross currency basis swaps	$	43	$	—	$	43	$	—
Foreign exchange forward contracts	$	17	$	—	$	17	$	—

Total assets	$	75	$	—	$	75	$	—

Liabilities
Interest rate swaps	$	15	$	—	$	15	$	—

Cross currency basis swaps	70		—		70		—
Foreign exchange forward contracts	49		—		49		—


Total liabilities	$	134	$	—	$	134	$	—



	December 31, 2025
(in millions)	Total		Level 1		Level 2		Level 3

Assets

Interest rate swap asset related to long-term debt	$	14	$	—	$	14	$	—



Foreign exchange forward contracts	8		—		8		—

Total assets	$	22	$	—	$	22	$	—

Liabilities
Interest rate swaps	$	14	$	—	$	14	$	—

Cross currency basis swaps	31		—		31		—
Foreign exchange forward contracts	67		—		67		—



Total liabilities	$	112	$	—	$	112	$	—