Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

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, 2020 and December 31, 2019 (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, 2020			December 31, 2019			June 30, 2020			December 31, 2019			June 30, 2020			December 31, 2019
Cash equivalents	$	245		$	70		$	—		$	—		$	245		$	70
Rabbi trust assets		14			12			—			—			14			12
Deferred compensation obligation		(14	)		(12	)		—			—			(14	)		(12	)
Derivative liabilities		—			—			(66	)		(34	)		(66	)		(34	)
Total	$	245		$	70		$	(66	)	$	(34	)	$	179		$	36