AGÕæÈËÆ½Ì¨AGÕæÈËÊÔÍæ

Annual report pursuant to Section 13 and 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

v3.22.4
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract] Ìý
Summary of Carrying Value and Fair Value of Other Financial Instruments
A summary of the carrying value and fair value of other financial instruments were as follows:
December 31, 2022 December 31, 2021
(In millions) Classification Carrying
Value
Fair Value Carrying
Value
Fair Value
Senior notes Level 1 $ 2,385Ìý $ 2,311Ìý $ 3,561Ìý $ 3,911Ìý
IRBs Level 1 â€�Ìý â€�Ìý 68Ìý 66Ìý
ABL Facility - outstanding balance Level 2 1,864Ìý 1,864Ìý 1,609Ìý 1,609Ìý
Total $ 4,249Ìý $ 4,175Ìý $ 5,238Ìý $ 5,586Ìý
The valuation of financial assets classified in Level 2 was determined using a market approach based upon quoted prices for similar assets in active markets or other inputs that were observable.