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Fair Value of Financial Instruments and Risk Management (Tables) | 12 Months Ended
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Dec. 31, 2021
Fair Value Disclosures [Abstract] |
Schedule of carrying values and estimated fair values of financial instruments | The carrying values and estimated fair values of our financial instruments that are not required to be recorded at fair value in our consolidated balance sheets are provided in the following table.
|  |  | December 31, 2021 |  | December 31, 2020
Dollars in millions |  |  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Liabilities (including current maturities): |  |  |  |  |  |  |  |  |
Term Loan A | Level 2 |  | $ | 441 |  |  | $ | 441 |  |  | $ | 285 |  |  | $ | 285 |
Term Loan B | Level 2 |  | 511 |  | 514 |  | 516 |  | 517
Convertible Notes | Level 2 |  | 350 |  | 669 |  | 350 |  | 480
Senior Notes | Level 2 |  | 250 |  | 256 |  | 250 |  |  | 262 |
Senior Credit Facility | Level 2 |  | 364 |  | 364 |  | 260 |  |  | 260 |
Nonrecourse project debt | Level 2 |  | 2 |  | 2 |  | 7 |  | 7
Schedule of derivatives instruments statements of financial performance and financial position, location | The following table summarizes the recognized changes in fair value of our balance sheet hedges offset by remeasurement of balance sheet positions. These amounts are recognized in our consolidated statements of operations for the periods presented. The net of our changes in fair value of hedges and the remeasurement of our assets and liabilities is included in other non-operating income (expense) on our consolidated statements of operations.
| Years ended December 31,
Gains (losses) dollars in millions | 2021 |  | 2020
Balance Sheet Hedges - Fair Value | $ | — |  |  | $ | (5) |
Balance Sheet Position - Remeasurement | (8) |  |  | 9 |
Net | $ | (8) |  |  | $ | 4 |
Schedule of sale of receivables activity | Activity for third-party financial institutions consisted of the following:
| Year Ended |  | Year Ended |  |
Dollars in millions | December 31, 2021 |  | December 31, 2020 |  |
Beginning balance | $ | 112 |  |  | — |  |  |
Sale of receivables | 2,991 |  |  | 779 |  |  |
Settlement of receivables | (2,622) |  |  | (647) |  |  |
Cash collection, not yet remitted | — |  |  | (20) |  |  |
Outstanding balances sold to financial institutions | $ | 481 |  |  | $ | 112 |  |  |

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of derecognized financial assets from transactions which comprise an initial transfer and an agreement entered into in contemplation of the initial transfer resulting in retention of substantially all of the exposure to the economic return throughout the term of the transaction. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -URI http://asc.fasb.org/extlink&oid=121570589&loc=SL51823488-111719 + Details
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