v3.26.1
FAIR VALUE MEASUREMENTS AND OTHER (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of Fair Value Measurements The fair value measurements relating to cash equivalents and short-term investments (included in other current
assets) are categorized in the fair value hierarchy as follows (in millions):
June 30, 2026
Level 1
Level 2
Level 3
Total
Cash equivalents ..........................................................
$45
$
$
$45
Short-term investments:
Mutual funds ...........................................................
6
6
Equity securities .....................................................
36
3
39
Common stocks ......................................................
5
5
Corporate bonds ......................................................
11
11
U.S. government bonds ..........................................
25
1
26
Real estate investment trust ....................................
1
1
Total .............................................................................
$117
$16
$
$133
December 31, 2025
Level 1
Level 2
Level 3
Total
Cash equivalents ..........................................................
$62
$
$
$62
Short-term investments:
Mutual funds ...........................................................
5
5
Equity securities .....................................................
30
2
32
Common stocks ......................................................
5
5
Corporate bonds ......................................................
9
9
U.S. government bonds ..........................................
25
1
26
Real estate investment trust ....................................
1
1
Total .............................................................................
$127
$13
$
$140