Discontinued Operations and Disposal Groups (Tables)

3 Months Ended

Mar. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Major Classes of Assets and Liabilities Held for Sale

The major classes of assets and liabilities held for sale were as follows:

(Dollars in millions)	As of
Assets held for sale	March 31, 2020
Prepaid exp/accrued income	$	1
Property, plant and equipment, net	79
Current deferred charges	90
Impairment of carrying value	(144)
Total assets held for sale	$	26
Liabilities held for sale
Accounts payable	6
Accrued exp/prepaid income	1
Total liabilities held for sale	$	7

VNBS

The major classes of assets and liabilities held for sale were as follows:

(Dollars in millions)	As of
Assets held for sale	December 31, 2019
Cash and cash equivalents	$	35
Receivables, net	58
Inventories, net	17
Property, plant and equipment, net	126
Intangible assets, net	66
Other current assets	15
Total assets held for sale	$	317
Liabilities held for sale
Accounts payable	50
Accrued expenses	20
Related party short-term debt	12
Pension liability	8
Other current liabilities	28
Total liabilities held for sale	$	118