Business Combinations (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Allocation of Total Consideration to Fair Value of Assets and Liabilities of Quality Carriers

The allocation of total consideration to the fair values of the acquired assets and liabilities of Pan Am is summarized in the table below.

(Dollars in Millions)	June 1, 2022
Assets Acquired:
Accounts Receivable, net	$	46
Properties and Equipment, net	600
Goodwill	17
Investments in Affiliates	90
Other Assets	11
Total Assets Acquired	$	764
Liabilities Assumed:
Accounts Payable and Accrued Liabilities	32
Deferred Tax Liabilities	75
Other Long-term Liabilities	57
Total Liabilities Assumed	$	164
Fair Value of Assets Acquired, Net of Liabilities Assumed:	$	600

The allocation of total consideration to the fair values of the acquired assets and liabilities of Quality Carriers is summarized in the table below.

(Dollars in Millions)	July 1, 2021
Assets Acquired:
Cash and Cash Equivalents	$	3
Accounts Receivable, net	113
Properties and Equipment, net	225
Goodwill	213
Intangible Assets	180
Other Assets	9
Total Assets Acquired	$	743
Liabilities Assumed:
Accounts Payable and Accrued Liabilities	$	48
Finance Lease Obligations and Notes Payable	68
Casualty, Environmental and Other Reserves	62
Other Long-term Liabilities	21
Total Liabilities Assumed	$	199
Fair Value of Assets Acquired, Net of Liabilities Assumed:	$	544