Sale of Receivables (Tables)

3 Months Ended

Mar. 31, 2025

Transfers and Servicing [Abstract]

Schedule of Sale of Receivables

The table below summarizes the activity under the factoring facilities:

	Three Months Ended March 31,
(Dollars in millions)	2025		2024
Beginning balance	$	130	$	192
Sales of receivables	25		15
Cash returned to purchasers	(126)		(136)
Outstanding balance sold to purchasers	29		71
Cash collected, not remitted to purchasers(1)	(3)		(9)
Remaining sold receivables	$	26	$	62

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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.