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Derivatives (Tables)
12 Months Ended
Dec. 31, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Derivative Instruments and their Impact on Financial Condition

The following tabular disclosures further describe the Company’s interest rate derivatives qualifying and designated for hedge accounting and their impact on the financial condition of the Company (dollars in millions):

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

Balance Sheet
Location

 

Fair Value

 

 

Balance Sheet
Location

 

Fair Value

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

Other current
liabilities

 

$

10

 

 

Other current
liabilities

 

$

14

 

 

 

Other non-current
liabilities

 

 

21

 

 

Other non-current
liabilities

 

 

46

 

Total derivatives designated as hedging instruments

 

 

 

$

31

 

 

 

 

$

60