OPERATING LEASES (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Lease, Cost

The components of lease expense were as follows:

TABLE 8.1

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in millions)	2020		2019		2020		2019
Operating lease cost	$	6	$	7	$	13	$	14
Variable lease cost	1		1		2		2
Total lease cost	$	7	$	8	$	15	$	16

Leases, Other Information

Other information related to leases is as follows:

TABLE 8.2

	Six Months Ended June 30,
(dollars in millions)	2020			2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	13		$	13
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	4			4
Weighted average remaining lease term (years):
Operating leases	9.59			8.73
Weighted average discount rate:
Operating leases	2.9		%	3.1		%

Lessor, Operating Lease, Payments to be Received, Maturity

Maturities of operating lease liabilities were as follows:

TABLE 8.3

(in millions)	June 30, 2020
2020	$	13
2021	23
2022	18
2023	14
2024	13
Later years	67
Total lease payments	148
Less: imputed interest	(20)
Present value of lease liabilities	$	128