Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

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, 2024 and December 31, 2023 (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, 2024			December 31, 2023			September 30, 2024		December 31, 2023		September 30, 2024			December 31, 2023
Cash equivalents	$	588		$	421		$	—	$	—	$	588		$	421
Marketable securities		13			20			—		—		13			20
Rabbi trust assets		21			18			—		—		21			18
Deferred compensation obligation		(21	)		(18	)		—		—		(21	)		(18	)
Derivative assets		—			—			6		12		6			12
Total	$	601		$	441		$	6	$	12	$	607		$	453