日韩三级片

Annual report pursuant to Section 13 and 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

v3.20.4
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping [Table Text Block] The following represents the assets and liabilities measured at fair value as of December听31, 2019:
(In Millions)
December 31, 2019
Quoted Prices in Active
Markets for Identical
Assets/Liabilities (Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total
Assets:
Cash equivalents - Commercial paper $ 鈥斕� $ 188听 $ 鈥斕� $ 188听
Other current assets:
Customer supply agreement 鈥斕� 鈥斕� 45听 45听
Total $ 鈥斕� $ 188听 $ 45听 $ 233听
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The following tables represent a reconciliation of the changes in fair value of financial instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
(In Millions)
Level 3 Assets
2020 2019
Beginning balance - January 1 $ 45 $ 89听
Total gains included in earnings 122 79听
Settlements (27) (123)
Settlement of pre-existing relationship (140) 鈥斕�
Ending balance - December 31 $ 鈥� $ 45听
Total gains for the period included in earnings attributable to the change in unrealized gains on assets still held at the reporting date $ 鈥� $ 45听
Schedule Of Carrying Value And Fair Value Of Financial Instruments A summary of the carrying value and fair value of other financial instruments were as follows:
(In Millions)
December 31, 2020 December 31, 2019
Classification Carrying
Value
Fair Value Carrying
Value
Fair Value
Senior notes Level 1 $ 3,802 $ 4,446 $ 2,114听 $ 2,237听
IRBs due 2024 to 2028 Level 1 94 91 鈥斕� 鈥斕�
EDC Revolving Facility - outstanding balance Level 2 18 18 鈥斕� 鈥斕�
ABL Facility - outstanding balance Level 2 1,510 1,510 鈥斕� 鈥斕�
Total $ 5,424 $ 6,065 $ 2,114听 $ 2,237听