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Derivatives (Tables)
3 Months Ended
Mar. 31, 2022
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):

 

 

 

 

 

Fair Value

 

 

 

Balance Sheet Location

 

March 31,
2022

 

 

December 31,
2021

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

Interest rate swaps

 

Other current liabilities

 

$

3

 

 

$

10

 

 

 

Other non-current liabilities

 

 

3

 

 

 

21

 

Total derivatives designated as hedging instruments

 

 

 

$

6

 

 

$

31