Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Debt

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

	As of December 31
(Dollars in millions)	2019		2018
Short-Term Debt:
Short-term borrowings	$	3	$	—
Long-Term Debt:
4.00% Convertible Senior Notes due 2024 (Carrying value)	160		—
Other long-term borrowings	8		—
Total Debt	$	171	$	—

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

4.00% Convertible Senior Notes due 2024	As of December 31
(Dollars in millions)	2019		2018
Principal amount (face value)	$	207	$	—
Unamortized issuance cost	(5)		—
Unamortized debt discount	(42)		—
Net Carrying value	$	160	$	—