Financial Instruments and Fair Value Measures (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Financial Assets and Liabilities Accounted for at Fair Value on Recurring Basis

The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of March 31, 2021 and December 31, 2020:

					Fair Value
	Notional Amounts				Assets
	March 31, 2021		December 31, 2020		March 31, 2021		December 31, 2020
	(Dollars in millions)
Undesignated forward currency    exchange contracts	$	170	$	19	$	2	$	—	(a)

(a) Recorded within Other current assets in the Company’s Consolidated Interim Balance Sheets

Summary of Financial Assets and Liabilities Not Carried at Fair Value

The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value:

	March 31, 2021
	Carrying Value		Fair Value
	(Dollars in millions)
Liabilities not subject to compromise:
Terms Loans A and B	$	1,055	$	1,073
DIP Financing		100		100
Liabilities subject to compromise:
Senior Notes		412		440