OPERATING LEASES (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Lease, Cost

The components of lease expense were as follows:

TABLE 7.1

	Three Months Ended September 30,		Nine Months Ended September 30,
(dollars in millions)	2019		2019
Operating lease cost	$	6	$	20
Short-term lease cost	1		1
Variable lease cost	1		3
Sublease income	—		—
Total lease cost	$	8	$	24

Leases, Other Information

Other information related to leases is as follows:

TABLE 7.2

	Nine Months Ended September 30,
(dollars in millions)	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	19
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	22
Weighted average remaining lease term (years):
Operating leases	9.78
Weighted average discount rate:
Operating leases	3.0		%

Lessor, Operating Lease, Payments to be Received, Maturity

Maturities of operating lease liabilities were as follows:

TABLE 7.3

(in millions)	September 30, 2019
2019	$	6
2020	24
2021	22
2022	17
2023	13
Later years	72
Total lease payments	154
Less: Interest	(24		)
Present value of lease liabilities	$	130