FINANCIAL ASSETS AND LIABILITIES (Tables)

12 Months Ended

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 year ended December 31:	2021		2020		2019		2021		2020		2019
Cost of services	$	16,570	$	17,143	$	17,682	$	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