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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Investment Assets
The Company's investment assets are carried at fair value on the consolidated balance sheets, within the line items Short-term Investments and Other Long-term Assets, as summarized in the following table.
March 31, 2025December 31, 2024
(Dollars in Millions)
Level 1Level 2TotalLevel 1Level 2Total
Exchange-traded Funds
$3 $ $3 $$— $
Corporate Bonds 73 73 — 71 71 
Government Securities 46 46 — 42 42 
Asset-backed Securities
 35 35 — 35 35 
Time Deposits   — 66 66 
Total Investments at Fair Value
$3 $154 $157 $$214 $216 
Schedule of Investment Maturities These investments have the following maturities:
(Dollars in Millions)
March 31,
2025
December 31,
2024
Less than 1 year
$8 $72 
1 - 5 years
79 72 
5 - 10 years
21 23 
Greater than 10 years
46 47 
Total Investments at Fair Value (a)
$154 $214 

(a) Exchange-traded funds are excluded as there is no stated contractual maturity date.
Schedule of Fair Value and Carrying Value of Long-Term Debt
The fair value and carrying value of the Company's long-term debt is as follows:
(Dollars in Millions)
March 31,
2025
December 31,
2024
Long-term Debt (Including Current Maturities):
Fair Value$17,379 $16,481 
Carrying Value19,126 18,503