Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2023 and 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
	2023			2022			2023		2022		2023			2022
Cash equivalents	$	421		$	111		$	—	$	—	$	421		$	111
Marketable securities		20			22			—		—		20			22
Rabbi trust assets		18			15			—		—		18			15
Deferred compensation obligation		(18	)		(15	)		—		—		(18	)		(15	)
Derivative assets		—			—			12		18		12			18
Total	$	441		$	133		$	12	$	18	$	453		$	151