Planned Divestiture Of Northwest Operations (Tables)

3 Months Ended

Mar. 31, 2020

Planned Divestiture Of Northwest Operations [Abstract]

Components Of Held-For-Sale Assets And Liabilities

($ in millions)	March 31, 2020
ASSETS
Accounts receivable, less allowances of $12	$	49
Prepaid expenses		1
Contract acquisition costs		8
Other current assets		2
Property, plant and equipment, net		1,075
Goodwill (1)		658
Other intangibles, net		30
Other assets		17
Valuation allowance on assets held for sale		(434)
Total assets held for sale	$	1,406
LIABILITIES
Accounts payable	$	13
Advanced billings		18
Accrued other taxes		9
Other current liabilities		14
Pension and other postretirement benefits (2)		29
Other liabilities		32
Total liabilities held for sale	$	115

⁽¹⁾The assignment of goodwill was based on the relative fair value of the disposal group and the portion of the remaining reporting unit upon designation as “held for sale” as of May 28, 2019.

⁽²⁾Excludes pension liability of $163 million, which will be fully funded upon closing. Approximately $98 million, or 60% of the pension liability will be funded through the transfer of Pension Plan assets. The remaining liability will be separately funded by Frontier at the time of closing.