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PAYABLES AND OTHER CURRENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2019

Payables and Accruals [Abstract]

Schedule of Payables and Other Current Liabilities

	December 31,
(Dollars in millions)	2019				2018
Trade creditors	$	890			$	914
Accrued payrolls, vacation, and variable-incentive compensation	176				197
Accrued taxes	89				94
Post-employment obligations	93				80
Dividends payable to shareholders	90				87
Other	280				236
Total payables and other current liabilities	$	1,618			$	1,608

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- Definition

Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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