Segment Information

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information

Financial information by segment is summarized below. The accounting policies of the segments are the same as those described in the summary of significant accounting policies as presented in our 2020 Annual Report.

	Three Months Ended March 31,
(Dollars in millions)	2021		2020
Revenue:
Western Hemisphere	$	390	$	588
Eastern Hemisphere	442		627
Total Revenue	832		1,215
Operating Income (Loss):
Western Hemisphere	24		29
Eastern Hemisphere	(19)		18
Total Segment Operating Income	5		47
Corporate (a)	(18)		(26)
Total Operating Income (Loss) Before Impairments, Restructuring and Other Charges	(13)		21
Impairments and Other Charges (b)	—		(817)
Restructuring Charges	—		(26)
Total Operating Loss	(13)		(822)
Interest Expense, Net	(70)		(58)
Reorganization Items	—		(9)
Other Expense, Net	(4)		(25)
Loss Before Income Taxes	$	(87)	$	(914)

(a)Corporate also includes eliminations of intercompany margins associated with transfers of assets and inventory that were nil in the three months ended March 31, 2021 and $8 million in the three months ended March 31, 2020.

(b)In the three months ended March 31, 2020, primarily includes the impairment of goodwill, property, plant and equipment, intangibles and right of use assets and other charges. See “Note 4 – Long-Lived Asset Impairments” and “Note 5 – Goodwill and Intangible Assets” for additional information.