v3.26.1
Sale of Receivables (Tables)
3 Months Ended
Mar. 31, 2026
Transfers and Servicing [Abstract]  
Schedule of Sale of Receivables
The table below summarizes the activity under the factoring facilities:
Three Months Ended March 31,
(Dollars in millions)20262025
Beginning balance$70 $130 
Sales of receivables— 25 
Cash returned to purchasers
(68)(126)
Outstanding balance sold to purchasers
29 
Cash collected, not remitted to purchasers(1)
(1)(3)
Remaining sold receivables $$26 
________________
(1)Represents cash collected on behalf of purchasers and not yet remitted. This balance is included within short-term borrowings and current portion of long-term debt in the Consolidated Balance Sheets.