Debt (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Schedule of Debt

The following table presents the outstanding principal amount and carrying value of the Notes:

4.00% Convertible Senior Notes due 2024	As of
(Dollars in millions)	September 30, 2019			December 31, 2018
Principal amount (face value)	$	207		$	—
Unamortized issuance cost	(5		)	—
Unamortized debt discount	(44		)	—
Net Carrying value	$	158		$	—

The Company’s short and long-term debt consists of the following:

	As of
(Dollars in millions)	September 30, 2019		December 31, 2018
Short-Term Debt:
Short-term borrowings	$	21	$	—
Long-Term Debt:
4.00% Convertible Senior Notes due 2024 (Carrying value)	158		—
Other long-term borrowings	4
Total Debt	$	183	$	—