v3.25.2
Borrowings and Other Debt Obligations (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
(Dollars in millions)June 30, 2025December 31, 2024
Current Portion of Finance Leases$26 $17 
Current Portion of Long-term Debt$26 $17 
8.625% Senior Notes due 2030 “2030 Senior Notes”
$1,526 $1,586 
Finance Leases
39 31 
Long-term Debt$1,565 $1,617 
Fair Value and Carrying Value of Long-Term Debt The table below presents the fair value and carrying value of our long-term debt (excluding finance leases).
June 30, 2025December 31, 2024
(Dollars in millions)Carrying ValueFair ValueCarrying ValueFair Value
8.625% Senior Notes due 2030
$1,526 $1,584 $1,586 $1,650 
Long-Term Debt (excluding Finance Leases)$1,526 $1,584 $1,586 $1,650