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Emergence from the Chapter 11 Cases and Fresh Start Reporting (Tables)
 12 Months Ended
Dec. 31, 2018
Reorganizations [Abstract]  
Pre-tax gain on the settlement of the liabilities subject to compromise The following is the calculation of the total pre-tax gain on the settlement of the liabilities subject to compromise.
 
(Dollars in millions)
Liabilities subject to compromise
$
8,416.7

Less amounts issued to settle claims:
 
Successor Common Stock (at par)
(0.7
)
Successor Series A Convertible Preferred Stock
(1,305.4
)
Successor Additional paid-in capital
(1,774.9
)
Issuance of Successor Notes
(1,000.0
)
Issuance of Successor Term Loan
(950.0
)
Cash payments and accruals for claims and professional fees
(336.4
)
Other:
 
Write-off of Predecessor debt issuance costs
(18.1
)
Gain on settlement of claims
$
3,031.2
Schedule of Reorganization Items [Table Text Block]
The Company’s application of fresh start reporting resulted in recognition of the following reorganization items for the periods presented below:
 
Successor
 
 
Predecessor
 
Year Ended December 31, 2018
 
 
January 1 through
April 1, 2017
 
(Dollars in millions)
Gain on settlement of claims
$
(12.8
)
 
 
$
(3,031.2
)
Fresh start adjustments, net
—

 
 
3,363.1

Fresh start income tax adjustments, net
—

 
 
253.9

Professional fees
—

 
 
42.5

Accounts payable settlement gains
—

 
 
(0.7
)
Interest income
—

 
 
(0.4
)
Reorganization items, net
$
(12.8
)
 
 
$
627.2