v3.24.1.u1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following table presents information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation inputs we utilized to determine such fair value as of March 31, 2024 and December 31, 2023 (in millions):

March 31, 2024December 31, 2023
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets:
Interest rate swaps$— $3 $— $3 $— $— $— $— 
Investments - debt securities21 — — 21 22 — — 22 
Investments - equity securities5 — — 5 3 — — 3 
Total Assets$26 $3 $— $29 $25 $— $— $25 
Liabilities:
Interest rate swaps$— $— $— $— $— $2 $— $2 
Contingent consideration liabilities— — 4 4 — — 2 2 
Total Liabilities$— $— $4 $4 $— $2 $2 $4 
Fair Value Disclosure of Asset and Liability Not Measured at Fair Value
The following table provides the carrying and fair value for our other financial instruments as of March 31, 2024 and December 31, 2023 (in millions):
As of March 31, 2024
As of December 31, 2023
Carrying ValueFair ValueCarrying ValueFair Value
U.S. Notes (2028)$800 $815 $800 $820 
U.S. Notes (2033)600 624 600 628 
Euro Notes (2024)— — 552 552 
Euro Notes (2028)270 271 276 276 
Euro Notes (2031)809 820 — —