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Chapter 11 Proceedings (Tables) | 12 Months Ended
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Dec. 31, 2020
Reorganizations [Abstract] |
Schedule of Liabilities Subject to Compromise | The following table summarizes the components of liabilities subject to compromise included on our consolidated balance sheet as of December 31, 2020:
|  | December 31, 2020
|  | ($ in millions)
Debt |  | $ | 7,166 |
Accounts payable |  | 15 |
Accrued interest |  | 235 |
Provision for contract rejection damages |  | 729 |
Other liabilities |  | 498 |
Liabilities subject to compromise |  | $ | 8,643 |
Schedule of Reorganization under Chapter 11 of US Bankruptcy Code | The following table summarizes the components in reorganization items, net included in our consolidated statements of operations for the year ended December 31, 2020:
|  | Year Ended December 31, 2020
|  | ($ in millions)
Provision for allowed claims |  | (879) |
Write off of unamortized debt premiums (discounts) |  | 518 |
Write off of unamortized debt issuance costs |  | (61) |
Debt and equity financing fees |  | (145) |
Loss on divested assets |  | (128) |
Legal and professional fees |  | (113) |
Gain on settlement of pre-petition accounts payable |  | 15 |
Loss on settlement of pre-petition revenues payable |  | (3) |
Reorganization items, net |  | $ | (796) |

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