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