Completed Divestiture of the Latin American Business and Planned Divestiture of European, Middle Eastern and African Business (Tables)

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Components of pre-tax net income and held for sale assets and liabilities

The pre-tax net income of the Latin American business is estimated to be as follows in the table below:

	Years Ended December 31,
	2022(1)		2021	2020
	(Dollars in millions)
Latin American business pre-tax net income	$	197	214	160

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(1)The pre-tax net income includes operating results prior to the close of the sale of the Latin American business on August 1, 2022

	August 1, 2022
	(Dollars in millions)
Assets held for sale
Cash and cash equivalents	$	40
Accounts receivable, less allowance of $3	105
Other current assets	86
Property, plant and equipment, net accumulated depreciation of $447	1,703
Goodwill (1)	719
Customer relationships and other intangibles, net	140
Other non-current assets	70
Total assets held for sale	$	2,863
Liabilities held for sale
Accounts payable	$	105
Income and other taxes	42
Other current liabilities	59
Deferred income taxes	154
Other non-current liabilities	122
Total liabilities held for sale	$	482

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(1)    The assignment of goodwill was based on the relative fair value of the disposal group and the portion of the remaining reporting unit.

The pre-tax net income of the disposal group is estimated to be and reported as follows in the table below:

	Years Ended December 31,
	2022		2021		2020
	(Dollars in millions)
EMEA business pre-tax net loss	$	(226)	$	(98)	$	(41)

The principal components of the held for sale assets and liabilities of the EMEA business are as follows:

	December 31, 2022
	EMEA Business
	(Dollars in millions)
Assets held for sale
Cash and cash equivalents	$	43
Accounts receivable, less allowance of $5	76
Other current assets	56
Property, plant and equipment, net accumulated depreciation of $998	1,864
Goodwill (1)	—
Customer relationships and other intangibles, net	100
Operating lease assets	156
Valuation allowance on assets held for sale (2)	(616)
Deferred tax assets	131
Other non-current assets	32
Total assets held for sale	$	1,842
Liabilities held for sale
Accounts payable	$	78
Salaries and benefits	23
Current portion of deferred revenue	28
Current operating lease liabilities	33
Other current liabilities	28
Deferred income taxes	38
Asset retirement obligations	30
Deferred revenue, non-current	85
Operating lease liabilities, non-current	103
Total liabilities held for sale	$	446

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(1)    The assignment of goodwill was based on the relative fair value of the disposal group prior to being classified as held for sale. Prior to classification as held for sale, the goodwill was fully impaired as described above.

(2)    Includes the impact of $353 million, primarily related to loss on foreign currency translation, expected to be reclassified out of accumulated other comprehensive loss upon close of the sale.