Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

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 September 30, 2023 and December 31, 2022 (dollars in millions):

	Fair Value Measurements Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)				TOTAL
	September 30, 2023			December 31, 2022			September 30, 2023		December 31, 2022		September 30, 2023			December 31, 2022
Cash equivalents	$	323		$	111		$	—	$	—	$	323		$	111
Marketable securities		21			22			—		—		21			22
Derivative assets		—			—			21		18		21			18
Rabbi trust assets		17			15			—		—		17			15
Deferred compensation obligation		(17	)		(15	)		—		—		(17	)		(15	)
Total	$	344		$	133		$	21	$	18	$	365		$	151