Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements, Recurring and Nonrecurring

In accordance with the provisions of ASC 820: Fair Value Measurements, the following tables provide the valuation hierarchy classification of assets and liabilities that are carried at fair value and measured on a recurring and non-recurring basis in our Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024: 

	March 31, 2025
(dollars in millions)	Total		Level 1		Level 2		Level 3
Recurring fair value measurements:
Marketable securities	$	45	$	45	$	—	$	—
Derivative assets	46		—		46		—
Derivative liabilities	(22)		—		(22)		—

	December 31, 2024
(dollars in millions)	Total		Level 1		Level 2		Level 3
Recurring fair value measurements:
Marketable securities	$	44	$	44	$	—	$	—
Derivative assets	68		—		68		—
Derivative liabilities	(50)		—		(50)		—

Schedule of Fair Value, by Balance Sheet Grouping

The following table provides carrying amounts and fair values of financial instruments that are not carried at fair value as of March 31, 2025 and December 31, 2024:

	March 31, 2025				December 31, 2024
(dollars in millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-term receivables, net	$	50	$	49	$	47	$	46
Customer financing notes receivable, net	22		20		21		19
Short-term borrowings	(40)		(40)		(51)		(51)
Long-term debt, including current portion (excluding leases and other)	(8,404)		(7,752)		(8,316)		(7,600)
Long-term liabilities, including current portion	(132)		(125)		(132)		(123)

The following tables provide the valuation hierarchy classification of assets and liabilities that are not carried at fair value in the Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024:

	March 31, 2025
(dollars in millions)	Total		Level 1		Level 2		Level 3
Long-term receivables, net	$	49	$	—	$	49	$	—
Customer financing notes receivable, net	20		—		20		—
Short-term borrowings	(40)		—		(40)		—
Long-term debt, including current portion (excluding leases and other)	(7,752)		—		(7,752)		—
Long-term liabilities, including current portion	(125)		—		(125)		—

	December 31, 2024
(dollars in millions)	Total		Level 1		Level 2		Level 3
Long-term receivables, net	$	46	$	—	$	46	$	—
Customer financing notes receivable, net	19		—		19		—
Short-term borrowings	(51)		—		(51)		—
Long-term debt, including current portion (excluding leases and other)	(7,600)		—		(7,600)		—
Long-term liabilities, including current portion	(123)		—		(123)		—