ACQUISTIONS, DIVESTITURES AND DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule Of Assets Held for Sale and Deconsolidation of Subsidiaries Table

Summarized results from discontinued operations were as follows:

DISCONTINUED OPERATIONS
(Dollars in millions)
	Years ended December 31,
	2020(1)		2019
Revenues	$	570	$	1,614
Cost of sales	(364)		(1,012)
Gain on sale of discontinued operations	2,899		—
Operating expenses	(66)		(159)
Interest and other	(3)		(11)
Income before income taxes and equity earnings	3,036		432
Income tax expense	(1,186)		(72)
Equity earnings	—		3
Income from discontinued operations, net of income tax	1,850		363
Earnings attributable to noncontrolling interests	(10)		(35)
Earnings from discontinued operations attributable to common shares	$	1,840	$	328

(1)    Results include activity until deconsolidation of our Peruvian businesses on April 24, 2020 and Chilean businesses on June 24, 2020 and post-closing adjustments related to the sales of these businesses.

The following table summarizes the carrying amounts of the major classes of assets and related liabilities classified as held for sale in discontinued operations.

ASSETS HELD FOR SALE IN DISCONTINUED OPERATIONS
(Dollars in millions)
	December 31, 2019
Cash and cash equivalents	$	74
Restricted cash(1)	1
Accounts receivable, net	303
Due from unconsolidated affiliates	2
Inventories	36
Other current assets	29
Current assets	$	445
Due from unconsolidated affiliates	$	54
Goodwill and other intangible assets	801
Property, plant and equipment, net	2,618
Other noncurrent assets	40
Noncurrent assets	$	3,513
Short-term debt	$	52
Accounts payable	201
Current portion of long-term debt and finance leases	85
Other current liabilities	106
Current liabilities	$	444
Long-term debt and finance leases	$	702
Deferred income taxes	284
Other noncurrent liabilities	66
Noncurrent liabilities	$	1,052

(1)    Primarily represents funds held in accordance with Peruvian tax law.