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Fair Value of Financial Instruments and Risk Management (Tables)

12 Months Ended

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

X

- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
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-Section 50
-Paragraph 2
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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
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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

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