Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Fair Value of Financial Assets and (Liabilities)

The following table summarizes the fair value of the Company’s financial assets and (liabilities) as of June 30, 2022 and December 31, 2021 (dollars in millions):

	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)					TOTAL
	June 30, 2022			December 31, 2021			June 30, 2022		December 31, 2021			June 30, 2022			December 31, 2021
Marketable securities	$	33		$	46		$	—	$	—		$	33		$	46
Cash equivalents		20			—			—		—			20			—
Rabbi trust assets		16			19			—		—			16			19
Deferred compensation obligation		(16	)		(19	)		—		—			(16	)		(19	)
Derivative assets (liabilities), net		—			—			2		(31	)		2			(31	)
Total	$	53		$	46		$	2	$	(31	)	$	55		$	15