Business Combinations, Divestitures, Discontinued Operations and Assets and Liabilities Held for Sale (Tables)

3 Months Ended

Mar. 31, 2024

Business Combinations [Abstract]

Summary of Discontinued Operations and Assets and Liabilities Held for Sale

Financial results for the Company's discontinued operations are as follows:

	Three Months Ended
	March 31, 2023
	(Dollars in Millions)
Total revenues	$	25
Pretax loss from discontinued operations	$	(17	)
Income tax benefit		(4	)
Loss from discontinued operations,    net of income tax benefit	$	(13	)

Cash flow information for the Company's discontinued operations is as follows:

	Three Months Ended
	March 31, 2023
	(Dollars in Millions)
Net cash used for operating activities	$	(4	)
Net cash used for investing activities (capital expenditures)	$	(2	)

Assets and liabilities held for sale are as follows:

	March 31, 2024		December 31, 2023
	Continuing Operations
	(Dollars in Millions)
Inventories, net	$	—	$	61
Investment land		18		18
Other assets		—		4
Property, plant and equipment		—		327
Intangible assets, excluding goodwill		—		122
Operating lease right-of-use assets		—		15
Goodwill		—		260
Total current assets held for sale	$	18	$	807
Lease obligations		—	$	(16	)
Asset retirement obligations		—		(2	)
Total current liabilities held for sale	$	—	$	(18	)