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Pending Divestiture of the EMEA Business (Tables)
9 Months Ended
Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
EMEA business pre-tax net loss and held for sale assets and liabilities
The pre-tax net income of the disposal group is estimated to be and reported as follows in the table below:

Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
(Dollars in millions)
EMEA business pre-tax net income (loss)
$32 (21)131 (55)
The principal components of the held for sale assets and liabilities of the EMEA business as of the dates below are as follows:

September 30, 2023December 31, 2022
(Dollars in millions)
Assets held for sale
Cash and cash equivalents$27 43 
Accounts receivable, less allowance of $4 and $5
70 76 
Other current assets54 56 
Property, plant and equipment, net accumulated depreciation of $1,013 and $998
1,954 1,864 
Customer relationships and other intangibles, net103 100 
Operating lease assets215 156 
Valuation allowance on assets held for sale (1)
(729)(616)
Deferred tax assets145 131 
Other non-current assets34 32 
Total assets held for sale$1,873 1,842 
Liabilities held for sale
Accounts payable$56 78 
Salaries and benefits20 23 
Current portion of deferred revenue28 28 
Current operating lease liabilities41 33 
Other current liabilities33 28 
Deferred income taxes60 38 
Asset retirement obligations31 30 
Deferred revenue, non-current99 85 
Operating lease liabilities, non-current106 103 
Total liabilities held for sale$474 446 
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(1)    Includes the impact of $341 million and $353 million as of September 30, 2023 and December 31, 2022, respectively, primarily related to loss on foreign currency translation, expected to be reclassified out of accumulated other comprehensive loss upon close of the sale.