Business Divestiture (Tables)

3 Months Ended

Mar. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Included in the Company’s Consolidated Balance Sheets as of March 31, 2023 and December 31, 2022 are the following carrying amounts of the assets and liabilities held for sale:

(DOLLARS IN MILLIONS)	March 31, 2023		December 31, 2022
Assets
Cash and cash equivalents	$	4	$	52
Trade receivables, net	86		85
Inventories	165		157
Property, plant and equipment, net	104		92
Goodwill	361		348
Other intangible assets, net	440		428
Operating lease right-of-use assets	20		13
Other assets	22		25
Total assets held-for-sale	$	1,202	$	1,200
Liabilities
Accounts payable	$	61	$	56
Deferred tax liability(1)	91		92
Other liabilities	64		64
Total liabilities held-for-sale	$	216	$	212

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(1)The Company is currently analyzing the tax impact of the sale transaction and has included preliminary numbers for the deferred tax liability, which are subject to further updates.