OPERATING LEASES (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease, Cost

The components of lease expense were as follows:

TABLE 7.1

	Three Months Ended June 30,		Six Months Ended June 30,
(dollars in millions)	2019		2019
Operating lease cost	$	7	$	14
Short-term lease cost	—		—
Variable lease cost	1		2
Sublease income	—		—
Total lease cost	$	8	$	16

Leases, Other Information

Other information related to leases is as follows:

TABLE 7.2

	Six Months Ended June 30,
(dollars in millions)	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	13
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	4
Weighted average remaining lease term (years):
Operating leases	8.73
Weighted average discount rate:
Operating leases	3.1		%

Lessor, Operating Lease, Payments to be Received, Maturity

Maturities of operating lease liabilities were as follows:

TABLE 7.3

(in millions)	June 30, 2019
2019	$	13
2020	23
2021	20
2022	15
2023	11
Later years	53
Total lease payments	135
Less: Interest	(17		)
Present value of lease liabilities	$	118