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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Components of Earnings (Loss) from Continuing Operations and Provisions for Income Taxes Components of earnings before income taxes and the provision for U.S. and other income taxes from operations follow:
 For years ended December 31,
(Dollars in millions)202220212020
Earnings before income taxes    
United States$205 $645 $164 
Outside the United States772 437 366 
Total$977 $1,082 $530 
Provision for income taxes 
United States Federal 
Current$179 $114 $70 
Deferred(76)18 (96)
Outside the United States
Current105 115 77 
Deferred(10)(42)(14)
State and other
Current33 24 5 
Deferred(50)(14)(1)
Total$181 $215 $41 
Schedule of Deferred Tax Charge (Benefit) Recorded as a Component of Accumulated Other Comprehensive Loss The following represents the deferred tax (benefit) charge recorded as a component of "Accumulated other comprehensive income (loss)" ("AOCI") in the Consolidated Statements of Financial Position:
 For years ended December 31,
(Dollars in millions)202220212020
Defined benefit pension and other postretirement benefit plans$(7)$(10)$(7)
Derivatives and hedging(1)21 (4)
Total$(8)$11 $(11)
Schedule of Income Tax Expense (Benefit) Included in Consolidated Financial Statement Total income tax expense (benefit) included in the consolidated financial statements was composed of the following:
 For years ended December 31,
(Dollars in millions)202220212020
Earnings before income taxes$181 $215 $41 
Other comprehensive income(8)11 (11)
Total$173 $226 $30 
Schedule of Reconciliation of Income Taxes on Earnings from Continuing Operations at Federal Statutory Income Tax Rate Differences between the provision for income taxes and income taxes computed using the U.S. Federal statutory income tax rate follow:
 For years ended December 31,
 (Dollars in millions)202220212020
Amount computed using the statutory rate$205 $225 $109 
State income taxes, net(27)(4)2 
Foreign rate variance(16)(28)(49)
Change in reserves for tax contingencies27 (39)4 
General business credits(44)(21)(39)
U.S. tax on foreign earnings, net of credits(17)2 13 
Divestitures37 89 — 
Tax law changes and tax loss from outside-U.S. entity reorganizations— (15)— 
Other16 6 1 
Provision for income taxes$181 $215 $41 
Effective income tax rate19 %20 %8 %
Schedule of Significant Components of Deferred Tax Assets and Liabilities The significant components of deferred tax assets and liabilities follow:
 December 31,
(Dollars in millions)20222021
Deferred tax assets 
Post-employment obligations$150 $176 
Net operating loss carryforwards645 637 
Tax credit carryforwards236 212 
Environmental contingencies64 67 
Capitalized research and development expenses139 — 
Other239 224 
Total deferred tax assets1,473 1,316 
Less: Valuation allowance258 339 
Deferred tax assets less valuation allowance$1,215 $977 
Deferred tax liabilities 
Property, plant, and equipment$(849)$(843)
Intangible assets(272)(288)
Investments(441)(369)
Other(201)(171)
Total deferred tax liabilities$(1,763)$(1,671)
Net deferred tax liabilities$(548)$(694)
As recorded in the Consolidated Statements of Financial Position: 
Other noncurrent assets$123 $116 
Deferred income tax liabilities(671)(810)
Net deferred tax liabilities$(548)$(694)
Schedule of Tax Receivables and Payables Amounts due to and from tax authorities as recorded in the Consolidated Statements of Financial Position:
 December 31,
(Dollars in millions)20222021
Miscellaneous receivables$35 $173 
Payables and other current liabilities$95 $68 
Other long-term liabilities174 130 
Total income taxes payable$269 $198 
Schedule of Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits
A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:
(Dollars in millions)202220212020
Balance at January 1$200 $257 $202 
Adjustments based on tax positions related to current year11 6 14 
Adjustments based on tax positions related to prior years24 2 63 
Lapse of statute of limitations— (45)(22)
Settlements— (20)— 
Balance at December 31 (1)
$235 $200 $257 
(1)Approximately $229 million of the unrecognized tax benefits as of December 31, 2022, would, if recognized, impact the Company's effective tax rate.

A reconciliation of the beginning and ending amounts of accrued interest related to unrecognized tax positions is as follows:
(Dollars in millions)202220212020
Balance at January 1$13 $13 $13 
Expense for interest, net of tax9 9 5 
Income for interest, net of tax— (9)(5)
Balance at December 31$22 $13 $13 

Accrued penalties related to unrecognized tax positions were immaterial as of December 31, 2022, 2021, and 2020.