Shareholders' Equity (Deficiency) (Tables)

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Schedule of Stockholders' Equity

The following summarizes our shareholders’ equity (deficiency) activity for the three and six months ended June 30, 2020 and 2019.

(Dollars in Millions)	Par Value of Issued Shares		Capital in Excess of Par Value		Retained Deficit		Accumulated Other Comprehensive Income (Loss)		Non-controlling Interests		Total Shareholders’ Equity (Deficiency)
Balance at December 31, 2019 (Successor)	$	—	$	2,897	$	(26)	$	9	$	36	$	2,916
Net Income (Loss)	—		—		(966)		—		8		(958)
Other Comprehensive Loss	—		—		—		(95)		—		(95)
Balance at March 31, 2020 (Successor)	$	—	$	2,897	$	(992)	$	(86)	$	44	$	1,863
Net Income (Loss)	—		—		(581)		—		2		(579)
Other Comprehensive Loss	—		—		—		29		—		29
Dividends to Noncontrolling Interests	—		—		—		—		(8)		(8)
Balance at June 30, 2020 (Successor)	$	—	$	2,897	$	(1,573)	$	(57)	$	38	$	1,305
Balance at December 31, 2018 (Predecessor)	$	1	$	6,711	$	(8,671)	$	(1,746)	$	39	$	(3,666)
Net Income (Loss)	—		—		(481)		—		4		(477)
Other Comprehensive Income	—		—		—		33		—		33
Dividends to Noncontrolling Interests	—		—		—		—		(5)		(5)
Awards Granted, Vested and Exercised	—		8		—		—		—		8
Other	—		—		—		—		1		1
Balance at March 31, 2019 (Predecessor)	1		6,719		(9,152)		(1,713)		39		(4,106)
Net Income (Loss)	—		—		(316)		—		4		(312)
Other Comprehensive Income	—		—		—		30		—		30
Dividends to Noncontrolling Interests	—		—		—		—		(6)		(6)
Awards Granted, Vested and Exercised	—		5		—		—		—		5
Balance at June 30, 2019 (Predecessor)	$	1	$	6,724	$	(9,468)	$	(1,683)	$	37	$	(4,389)

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in our accumulated other comprehensive income (loss) by component for the six months ended June 30, 2020 for the Successor and six months ended June 30, 2019 for the Predecessor:

(Dollars in millions)	Currency Translation Adjustment		Defined Benefit Pension		Deferred Loss on Derivatives		Total
Balance at December 31, 2019 (Successor)	$	7	$	2	$	—	$	9
Other Comprehensive Loss	$	(66)	$	—	$	—	$	(66)
Balance at June 30, 2020 (Successor)	$	(59)	$	2	$	—	$	(57)
Balance at December 31, 2018 (Predecessor)	$	(1,724)	$	(14)	$	(8)	$	(1,746)
Other Comprehensive Income	63		—		—		63
Balance at June 30, 2019 (Predecessor)	$	(1,661)	$	(14)	$	(8)	$	(1,683)