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LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Supplemental Information Related to Operating Leases

Supplemental information related to operating leases is as follows for the periods indicated:

			Year Ended December 31,
(Dollars in millions)			2023						2022
Lease expense incurred:
Operating lease cost			$	30					$	28

			At December 31,
(Dollars in millions)			2023						2022
Operating lease right of use assets (1)			$	123					$	128
Operating lease liabilities (1)			143						147

(1) Operating lease right of use assets and operating lease liabilities are included within other assets and other liabilities on the Company’s consolidated balance sheets, respectively.

			Year Ended December 31,
(Dollars in millions)			2023						2022
Operating cash flows from operating leases			$	(22)					$	(20)

			At December 31,
			2023						2022
Weighted average remaining operating lease term			9.8 years						10.8 years
Weighted average discount rate on operating leases			4.03		%				4.08		%

Schedule of Maturities of Lease Liabilities

Maturities of the existing lease liabilities are expected to occur as follows:

(Dollars in millions)
2024			$	24
2025			21
2026			19
2027			17
2028			15
Thereafter			83
Undiscounted lease payments			178
Less: present value adjustment			36
Total operating lease liability			$	143

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

+ Details

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

+ Details

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