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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2024
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)202420232022
Earnings before income taxes    
United States$147 $357 $205 
Outside the United States931 730 772 
Total$1,078 $1,087 $977 
Provision for income taxes 
United States Federal 
Current$36 $133 $179 
Deferred(80)(39)(76)
Outside the United States
Current176 153 105 
Deferred41 (35)(10)
State and other
Current10 7 33 
Deferred(13)(28)(50)
Total$170 $191 $181 
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)202420232022
Cumulative translation adjustment$19 $11 $— 
Defined benefit pension and other postretirement benefit plans(3)(6)(7)
Derivatives and hedging11 (9)(1)
Total$27 $(4)$(8)
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)202420232022
Earnings before income taxes$170 $191 $181 
Other comprehensive income27 (4)(8)
Total$197 $187 $173 
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)202420232022
Amount computed using the statutory rate$226$228$205
State income taxes, net(21)(26)(27)
Foreign rate variance(31)(78)(16)
Change in reserves for tax contingencies4010527
General business credits(64)(81)(44)
U.S. tax on foreign earnings, net of credits(5)22(17)
Divestitures71437
Other18716
Provision for income taxes$170$191$181
Effective income tax rate16 %18 %19 %
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)20242023
Deferred tax assets 
Post-employment obligations$132 $158 
Net operating loss carryforwards657 690 
Tax credit carryforwards313 268 
Environmental contingencies68 68 
Capitalized research and development expenses421 322 
Other198 264 
Total deferred tax assets1,789 1,770 
Less: Valuation allowance
686 183 
Deferred tax assets less valuation allowance$1,103 $1,587 
Deferred tax liabilities 
Property, plant, and equipment$(961)$(952)
Intangible assets(251)(270)
Investments
— (516)
Deferred gain
(166)(160)
Other(149)(134)
Total deferred tax liabilities$(1,527)$(2,032)
Net deferred tax liabilities$(424)$(445)
As recorded in the Consolidated Statements of Financial Position: 
Other noncurrent assets$109 $156 
Deferred income tax liabilities(533)(601)
Net deferred tax liabilities$(424)$(445)
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)20242023
Miscellaneous receivables$73 $62 
Payables and other current liabilities$229 $133 
Other long-term liabilities302 287 
Total income taxes payable$531 $420 
Schedule of Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits
A reconciliation of the beginning and ending amounts of accrued interest related to unrecognized tax positions is as follows:
(Dollars in millions)202420232022
Balance at January 1$39 $22 $13 
Expense for interest, net of tax18 17 9 
Income for interest, net of tax(2)— — 
Balance at December 31$55 $39 $22 

Accrued penalties related to unrecognized tax positions were immaterial as of December 31, 2024, 2023, and 2022.
Schedule of Unrecognized Tax Benefits Roll Forward
A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:
(Dollars in millions)202420232022
Balance at January 1$320 $235 $200 
Adjustments based on tax positions related to current year27 33 11 
Adjustments based on tax positions related to prior years3 68 24 
Lapse of statute of limitations(6)(9)— 
Settlements(23)(7)— 
Balance at December 31 (1)
$321 $320 $235 
(1)All of the unrecognized tax benefits as of December 31, 2024, would, if recognized, impact the Company's effective tax rate