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Cash and Equivalents | 12 Months Ended
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Dec. 31, 2021
Cash and Cash Equivalents [Abstract] |
Cash and Equivalents | Cash and EquivalentsWe consider all highly liquid investments with an original maturity of three months or less to be cash equivalents. Cash and equivalents include cash balances held by our wholly owned subsidiaries as well as cash held by joint ventures that we consolidate. Joint venture and the Aspire project cash balances are limited to specific project activities and are not available for other projects, general cash needs or distribution to us without approval of the board of directors of the respective entities. We expect to use this cash for project costs and distributions of earnings. The components of our cash and equivalents balance are as follows:
| December 31, 2021
Dollars in millions | International (a) |  | Domestic (b) |  | Total
Operating cash and equivalents | $ | 218 |  |  | $ | 34 |  |  | $ | 252 |
Short-term investments (c) | 2 |  |  | — |  |  | 2 |
Cash and equivalents held in consolidated joint ventures and Aspire Defence subcontracting entities | 116 |  |  | — |  |  | 116 |
Total | $ | 336 |  |  | $ | 34 |  |  | $ | 370 |
| December 31, 2020
Dollars in millions | International (a) |  | Domestic (b) |  | Total
Operating cash and equivalents | $ | 228 |  |  | $ | 54 |  |  | $ | 282 |
Short-term investments (c) | 3 |  |  | — |  |  | 3 |
Cash and equivalents held in consolidated joint ventures and Aspire Defence subcontracting entities | 151 |  |  | — |  |  | 151 |
Total | $ | 382 |  |  | $ | 54 |  |  | $ | 436 |
(a)Includes deposits held by non-U.S. entities with operating accounts that constitute offshore cash for tax purposes. (b)Includes U.S. dollar and foreign currency deposits held in U.S. entities with operating accounts that constitute onshore cash for tax purposes but may reside either in the U.S. or in a foreign country. (c)Includes time deposits, money market funds and other highly liquid short-term investments.

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- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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