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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents (including restricted cash of $3 and $4, respectively) $ 295 $ 254
Accounts receivable (net of allowance for doubtful accounts of $3) 365 365
Inventories:    
Finished and in-process goods 230 232
Raw materials and supplies 89 100
Other current assets 45 51
Total current assets 1,024 1,002
Investment in unconsolidated entities 18 17
Deferred Tax Assets, Net 6 6
Other assets, net 54 55
Property and equipment    
Land 110 116
Buildings 177 172
Machinery and equipment 1,392 1,368
Property, plant and equipment, gross 1,679 1,656
Less accumulated depreciation (182) (78)
Property, plant and equipment, net 1,497 1,578
Operating Lease, Right-of-Use Asset 117 122
Goodwill 178 178
Other intangible assets, net 1,150 1,188
Total assets 4,044 4,146
Current liabilities    
Accounts payable 290 341
Debt payable within one year 76 70
Interest payable 31 35
Income taxes payable 14 17
Accrued payroll and incentive compensation 39 48
Operating Lease, Liability, Current 22 22
Other current liabilities 124 105
Total current liabilities 596 638
Long-term liabilities    
Long-term debt 1,839 1,715
Long-term pension and post employment benefit obligations 246 252
Deferred income taxes 153 164
Operating Lease, Liability, Noncurrent 82 86
Other long-term liabilities 209 216
Total liabilities $ 3,125 $ 3,071
Common Stock, Shares, Issued 100 100
Shares, Outstanding   100
Deficit    
Common stock —$0.01 par value; 100 shares authorized, issued and outstanding $ 0 $ 0
Paid-in capital 1,164 1,165
Accumulated other comprehensive loss (55) (1)
Accumulated deficit (190) (89)
Total deficit 919 1,075
Total liabilities and deficit 4,044 4,146
net allowance for doubtful accounts $ 3 $ 3
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
shares authorized 100 100