FINANCIAL ASSETS AND LIABILITIES (Tables)

3 Months Ended

12 Months Ended

Jun. 30, 2022

Mar. 31, 2022

Dec. 31, 2021

FINANCIAL ASSETS AND LIABILITIES

Effect of Derivative Instruments in the Combined Income Statement

					Gains (Losses) from
(Dollars in millions)	Total				Hedge Activity
For the three months ended June 30:	2022		2021		2022		2021
Cost of services	$	3,677	$	4,162	$	1	$	—
Selling, general and administrative expenses		694		714		—		—
Other expense (income)		(3)		11		(2)		—

	Gain (Loss) Recognized in Consolidated Income Statement
(Dollars in millions)	Consolidated	Recognized on				Attributable to Risk
For the three months	Income Statement	Derivatives				Being Hedged
ended June 30:	Line Item	2022		2021		2022		2021
Derivative instruments not designated as hedging instruments:
Foreign exchange contracts	Other expense (income)	$	(2)	$	—		NA		NA
Total		$	(2)	$	—	$	—	$	—

	Gain (Loss) Recognized in Consolidated Income Statement and Other Comprehensive Income
(Dollars in millions)	Recognized				Consolidated	Reclassified
For the three months	in OCI				Income Statement	from AOCI
ended June 30:	2022		2021		Line Item	2022		2021
Derivative instruments in cash flow hedges:
Foreign exchange contracts	$	(5)	$	—	Cost of services	$	1	$	—
					Selling, general and administrative expenses				—
					Other expense (income)				—
Total	$	(5)	$	—		$	1	$	—

NA — not applicable

					Gains (Losses) from
(Dollars in millions)	Total				Hedge Activity
For the three months ended March 31:	2022		2021		2022		2021
Cost of services	$	3,824	$	4,318	$	1	$	—
Selling, general and administrative expenses		690		714		—		—
Other expenses		27		22		(1)		—

	Gain (Loss) Recognized in Consolidated Income Statement
(Dollars in millions)	Consolidated	Recognized on				Attributable to Risk
For the three months	Income Statement	Derivatives				Being Hedged
ended March 31:	Line Item	2022		2021		2022		2021
Derivative instruments not designated as hedging instruments:
Foreign exchange contracts	Other expenses	$	(1)	$	—		NA		NA
Total		$	(1)	$	—	$	—	$	—

	Gain (Loss) Recognized in Consolidated Income Statement and Other Comprehensive Income
(Dollars in millions)	Recognized				Consolidated	Reclassified
For the three months	in OCI				Income Statement	from AOCI
ended March 31:	2022		2021		Line Item	2022		2021
Derivative instruments in cash flow hedges:
Foreign exchange contracts	$	1	$	—	Cost of services	$	1	$	—
					Selling, general and administrative expenses		—		—
					Other expenses		—		—
Total	$	1	$	—		$	1	$	—

NA - not applicable

							Gains (Losses) from
(Dollars in millions)	Total						Hedge Activity
For the year ended December 31:	2021		2020		2019		2021		2020		2019
Cost of services	$	16,550	$	17,137	$	17,676	$	1	$	7	$	19
Selling, general and administrative expenses		2,776		2,948		2,970		—		(1)		12
Other (income) and expense		35		25		(29)		4		6		20

	Gain (Loss) Recognized in Consolidated Income Statement
	Consolidated	Recognized on						Attributable to Risk
(Dollars in millions)	Income Statement	Derivatives						Being Hedged
For the year ended December 31:	Line Item	2021		2020		2019		2021		2020		2019
Derivative instruments not designated as hedging instruments:
Foreign exchange contracts	Other (income) and expense	$	4	$	6	$	20		NA		NA		NA
Total		$	4	$	6	$	20	$	—	$	—	$	—

NA – not applicable

	Gain (Loss) Recognized in Consolidated Income Statement and Other Comprehensive Income
							Consolidated	Reclassified
(Dollars in millions)	Recognized in OCI						Income Statement	from AOCI
For the year ended December 31:	2021		2020		2019		Line Item	2021		2020		2019
Derivative instruments in cash flow hedges:
Foreign exchange contracts	$	4	$	—	$	—	Cost of services	$	1	$	7	$	19
							Selling, general and administrative expenses		—		(1)		12
Total	$	4	$	—	$	—		$	1	$	6	$	31