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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Schedule of adjustments made due to ASU 2014-09
The table below shows the adjustments made due to ASU 2014-09. 
 
Balance Sheet
(Dollars in millions)
Balance at
December 31,
2017
 
Adjustments due
to ASU 2014-09
 
Balance at
January 1,
2018
Assets
 
 
 
 
 
Inventories, net
$
154

 
$
(5
)
 
$
149

Prepaid expenses and contract assets
34

 
7

 
41

 
 
 
 
 
 
Equity
 
 
 
 
 
Net Former Parent investment
844

 
1

 
845

 
 
Three Months Ended September 30, 2018
 
Nine Months Ended September 30, 2018
Income Statement
(Dollars in millions)
As Reported
 
Balances without
adoption of
ASC 606
 
Effect of Changes
 
As Reported
 
Balances without
adoption of
ASC 606
 
Effect of Changes
Net sales
$
526

 
$
525

 
$
1

 
$
1,692

 
$
1,691

 
$
1

Cost of sales
(428
)
 
(427
)
 
(1
)
 
(1,371
)
 
(1,370
)
 
(1
)
Operating loss
(58
)
 
(58
)
 

 
(122
)
 
(122
)
 

 
 
As of September 30, 2018
Balance Sheet
(Dollars in millions)
As Reported
 
Balances without
adoption of
ASC 606
 
Effect of Changes
Assets
 
 
 
 
 
Inventories, net
$
166

 
$
173

 
$
(6
)
Prepaid expenses and contract assets
33

 
25

 
8

 
 
 
 
 
 
Equity
 
 
 
 
 
Additional paid-in capital
1,929

 
1,928

 
1