Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2021

Related Party Transactions

Schedule of related party transactions, allocation of corporate expenses

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
(Dollars in millions)	2021		2020		2021		2020
Selling, general and administrative expense	$	292	$	266	$	922	$	860
Research, development and engineering expense		(1)		—		(1)		3
Other (income) and expense		2		2		10		5
Interest expense		17		16		46		47
Total expense and other (income)	$	310	$	284	$	977	$	915

Schedule of net parent investment reconciliation

	For the Nine Months Ended September 30,
(Dollars in millions)	2021		2020
Cash pooling and general financing activities/other	$	(1,515)		(2,853)
Allocation of Parent’s corporate expenses/other		1,139		1,204
Related party sales and purchases		2,252		2,130
Related party intangible assets fee		60		60
Income taxes		716		245
Total Net transfers from Parent per Combined Statement of Equity	$	2,652		786
Income taxes		(716)		(245)
Allocation of Parent’s stock-based compensation		(53)		(47)
Other		(89)		(100)
Total Net transfers from Parent per Combined Statement of Cash Flows	$	1,794		394