Chapter 11 Proceedings and Ability to continue as a Going Concern (Tables)

12 Months Ended

Dec. 31, 2021

Reorganization Items

Any expenses, gains and losses that are realized or incurred as of or subsequent to the Petition Date and as a direct result of the Cases are recorded under “Reorganization Items” on our Consolidated Statements of Operations for the Predecessor and Successor Periods and consisted of the following:


	Successor				Predecessor
			Period From		Period From
			12/14/2019		1/1/2019
	Year Ended		through		through
Reorganization Gain (Expense) (Dollars in millions)	12/31/2020		12/31/2019		12/13/2019
Gain on Settlement of Liabilities Subject to Compromise	$	—	$	—	$	4,297
Fresh Start Valuation Adjustments	—		—		1,434
Reorganization Items for Plan Effects (Non-Cash)	—		—		5,731

Unamortized Debt Issuance and Discount	$	—	$	—	$	(128)
Unamortized Interest Rate Derivative Loss	—		—		(8)
Reorganization Items (Non-Cash)	—		—		(136)

Backstop Commitment Fees	$	—	$	—	$	(81)
DIP Financing Fees	—		—		(56)
Professional Fees	(9)		(4)		(69)
Reorganization Fees	(9)		(4)		(206)

Total Reorganization Items	$	(9)	$	(4)	$	5,389

Reorganization Items (Fees) Unpaid	$	—	$	30	$	30
Reorganization Items (Fees) Paid	$	39	$	4	$	176

Liabilities Subject To Compromise