The carrying amounts and fair values of our assets measured at fair value on a recurring basis included in our Condensed Consolidated Balance Sheets were as follows:


	Level within the Fair Value Hierarchy	June 30, 2020									December 31, 2019
(in millions)				Carrying Amount			Fair Value			Carrying Amount			Fair Value
Assets:
Deferred purchase price assets	3	$	841		$	841		$	781		$	781

The carrying amounts and fair values of our short-term and long-term debt included in our Condensed Consolidated Balance Sheets were as follows:


	Level within the Fair Value Hierarchy	June 30, 2020									December 31, 2019
(in millions)				Carrying Amount⁽¹⁾			Fair Value⁽¹⁾			Carrying Amount⁽¹⁾			Fair Value⁽¹⁾
Liabilities:
Senior Unsecured Notes to third parties	1	$	34,354		$	35,751		$	10,958		$	11,479
Senior Notes to affiliates	2	5,941			6,231			9,986			10,366
Senior Secured Notes to third parties	1	27,998			30,909			—			—
Incremental Term Loan Facility to affiliates	2	—			—			4,000			4,000
Secured Term Loan Facility to third parties	1	3,896			4,000			—			—

(1) Excludes $353 million and $25 million as of June 30, 2020 and December 31, 2019, respectively, in vendor financing arrangements and other debt as the carrying values approximate fair value primarily due to the short-term maturities of majority of these instruments.