Accounts Receivable Factoring

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Accounts Receivable Factoring

22 – Accounts Receivable Factoring

From time to time, we participate in factoring arrangements to sell accounts receivable to third-party financial institutions. Our factoring transactions are recognized as sales, and the proceeds are included as operating cash flows in our Consolidated Statements of Cash Flows. The loss on sale of accounts receivable was immaterial for all periods. The following table presents accounts receivable sold and the cash proceeds, net of discount and hold-back.

	Successor						Predecessor
					Period From		Period From
	Year		Year		12/14/2019		1/1/2019
	Ended		Ended		through		through
(Dollars in millions)	12/31/2021		12/31/2020		12/31/2019		12/13/2019
Accounts Receivable Sold	$	100	$	90	$	7	$	199
Cash Proceeds from Sale of Accounts Receivable	$	85	$	79	$	7	$	186