Sale of Receivables (Tables)

12 Months Ended

Dec. 31, 2024

Transfers and Servicing [Abstract]

Schedule of Sale of Receivables

The table below summarizes the activity under the factoring facilities:

	December 31,
(Dollars in millions)	2024		2023
Beginning balance	$	192	$	243
Sales of receivables	190		303
Cash returned to purchasers	(252)		(354)
Outstanding balance sold to purchasers	130		192
Cash collected, not remitted to purchasers(1)	—		(35)
Remaining sold receivables	$	130	$	157

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(1)Represents cash collected on behalf of purchasers and not yet remitted. This balance is included within short-term borrowings and current portion of long-term debt in the Consolidated Balance Sheets.