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Accounts Receivable Factoring
6 Months Ended
Jun. 30, 2020
Receivables [Abstract]  
Accounts Receivable Factoring Accounts Receivable Factoring
From time to time, we participate in factoring arrangements to sell accounts receivable to third-party financial institutions. Our factoring transactions in the Successor Periods and Predecessor Periods were recognized as sales, and the proceeds are included as operating cash flows in our Condensed Consolidated Statements of Cash Flows. The loss on sale of accounts receivable sold was immaterial for all Successor Periods and Predecessor Periods. The following table presents accounts receivable sold and cash proceeds from the sale of accounts receivable.
SuccessorPredecessorSuccessorPredecessor
Three Months EndedThree Months EndedSix Months EndedSix Months Ended
(Dollars in millions)6/30/20206/30/20196/30/2020June 30, 2019
Accounts Receivable Sold$17  $78  $23  $162  
Cash Proceeds from Sale of Accounts Receivable$15  $71  $21  $152