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Segment Information (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Segment Reporting [Abstract]    
Schedule of Total Revenues and Intersegment Revenues by Segment
Total revenues and intersegment revenues by segment for the three- and six-month periods ended June 30, 2022 and, June 30, 2021 consists of the following:
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in millions)2022202120222021
ASC$444 $489 $840 $971 
IMS187 174 405 375 
Corporate & Eliminations(4)(4)(6)(7)
Total revenue
$627 $658 $1,239 $1,339 
(Dollars in millions)2022202120222021
ASC$$$$
IMS— — 
Total intersegment revenue
$$$$
Total revenues and intersegment revenues by segment for the years ended December 31, 2021, 2020 and 2019 consists of the following:
(Dollars in millions)202120202019
ASC$1,940 $1,958 $1,810 
IMS959 834 917 
Corporate & Eliminations(20)(14)(13)
Total revenue
$2,879 $2,778 $2,714 
(Dollars in millions)202120202019
ASC$19 $13 $12 
IMS
Total intersegment revenue
$20 $14 $13 
Schedule of Depreciation, Assets by Segment and EBITDA Reconciliation to Net Earnings
Depreciation by segment for the three- and six-month periods ended June 30, 2022 and June 30, 2021 consists of the following:
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in millions)2022202120222021
ASC$$$18 $16 
IMS
Total depreciation
$14 $12 $27 $24 
Total assets by segment as of June 30, 2022 and December 31, 2021 consist of the following:
(Dollars in millions)June 30, 2022December 31, 2021
ASC$1,619 $1,545 
IMS1,124 1,145 
Corporate & Eliminations126 379 
Held for Sale174 — 
Total assets
$3,043 $3,069 
Reconciliation of reportable segment Adjusted EBITDA to Net Earnings (loss) consists of the following:
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in millions)2022202120222021
Adjusted EBITDA
ASC$57 $61 $89 $115 
IMS10 51 25 
Corporate & Eliminations— — — 
Total Adjusted EBITDA
67 69 140 140 
Amortization of intangibles(2)(2)(4)(4)
Depreciation(14)(12)(27)(24)
Restructuring costs— — — — 
Interest expense(10)(9)(18)(18)
Deal related transaction costs(8)— (10)(4)
Acquisition and divestiture related expenses— — — — 
Foreign exchange— (1)— (1)
COVID-19 response costs— (2)— (5)
Non-service pension expense(1)— (1)— 
Other one-time non-operational events— — — — 
Income tax (provision) benefit(7)(11)(19)(23)
Net earnings
$25 $32 $61 $61 
Depreciation by segment as of December 31, 2021, 2020 and 2019 consists of the following:
(Dollars in millions)202120202019
ASC$33 $30 $29 
IMS16 1413 
Total depreciation
$49 $44 $42 
Total assets by segment as of December 31, 2021 and 2020 consist of the following:
(Dollars in millions)2021
2020(1)
ASC$1,545 $1,563 
IMS1,145 1,018 
Corporate & Eliminations379 375 
Total assets
$3,069 $2,956 
__________________
(1)The 2020 amounts have been adjusted to reflect the correction of the allocation of certain assets within each segment.
Reconciliation of reportable segment Adjusted EBITDA to Net Earnings (loss) consists of the following:
(Dollars in millions)202120202019
Adjusted EBITDA
ASC$220 $213 $169 
IMS90 55 63 
Corporate & Eliminations— — 
Total Adjusted EBITDA
$310 $268 $234 
Amortization of intangibles(9)(9)(9)
Depreciation(49)(44)(42)
Restructuring costs(5)(12)(20)
Interest expense(35)(64)(65)
Deal related transaction costs (5)(9)— 
Acquisition and divestiture related expenses— — — 
Foreign exchange(1)(1)— 
COVID-19 response costs(6)(12)— 
Non-service pension expense— (5)(3)
Other one-time non-operational events— — — 
Income tax provision(46)(27)(20)
Net earnings
$154 $85 $75