OPERATING LEASES (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Lease, Cost

The components of lease expense were as follows:

TABLE 8.1

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in millions)	2020		2019		2020		2019
Operating lease cost	$	7	$	6	$	20	$	20
Short-term lease cost	1		1		1		1
Variable lease cost	1		1		3		3
Total lease cost	$	9	$	8	$	24	$	24

Leases, Other Information

Other information related to leases is as follows:

TABLE 8.2

	Nine Months Ended September 30,
(dollars in millions)	2020			2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	19		$	19
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	5			22
Weighted average remaining lease term (years):
Operating leases	9.51			9.78
Weighted average discount rate:
Operating leases	2.8		%	3.0		%

Lessor, Operating Lease, Payments to be Received, Maturity

Maturities of operating lease liabilities were as follows:

TABLE 8.3

(in millions)	September 30, 2020
2020	$	6
2021	24
2022	19
2023	15
2024	13
Later years	67
Total lease payments	144
Less: imputed interest	(20)
Present value of lease liabilities	$	124