Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 17—Accumulated Other Comprehensive Income (Loss)

The table below summarizes changes in accumulated other comprehensive loss recorded on our consolidated balance sheet by component for the years ended December 31, 2024 and 2023:

	Pension Plans		Foreign Currency Translation Adjustments and Other	Total
	(Dollars in millions)
Balance at December 31, 2022	$	21	(365)	(344)
Other comprehensive loss, net of tax	—		(12)	(12)
Amounts reclassified from accumulated other comprehensive (loss) income	(22)		350	328
Net other comprehensive (loss) income	(22)		338	316
Balance at December 31, 2023	$	(1)	(27)	(28)
Other comprehensive income, net of tax	—		2	2
Net other comprehensive income	—		2	2
Balance at December 31, 2024	$	(1)	(25)	(26)

The table below presents further information about our reclassifications out of accumulated other comprehensive (loss) income by component for the year ended December 31, 2023:

Year Ended December 31, 2023	Decrease (Increase) in Net Income		Affected Line Item in Consolidated Statement of Operations
	(Dollars in millions)
Reclassification of realized loss on foreign currency translation to valuation allowance within assets held for sale	$	353	Assets held for sale
Reclassification of realized loss on foreign currency translation to loss on sale of business	(3)		Net loss (gain) on sale of businesses
Subtotal reclassification of realized loss on foreign currency	350
Reclassification of net actuarial loss to valuation allowance within assets held for sale	(24)		Assets held for sale
Reclassification of net actuarial gain to loss on sale of business	2		Net loss (gain) on sale of businesses
Subtotal reclassification of net actuarial loss	(22)
Income tax benefit	—		Income tax expense
Net of tax	$	328