XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents (including restricted cash of $3 and $4, respectively) $ 158 $ 254
Accounts receivable (net of allowance for doubtful accounts of $3) 363 316
Inventories:    
Finished and in-process goods 191 211
Raw materials and supplies 70 82
Current assets held for sale (see Note 4) 103 99
Other current assets 51 40
Total current assets 936 1,002
Investment in unconsolidated entities 16 14
Deferred Tax Assets, Net 6 6
Long-term assets held for sale (see Note 4) 318 400
Other long-term assets 60 44
Property and equipment    
Land 78 82
Buildings 124 114
Machinery and equipment 1,207 1,148
Property, plant and equipment, gross 1,409 1,344
Less accumulated depreciation (187) (63)
Property, plant and equipment, net 1,222 1,281
Operating lease assets 105 110
Goodwill 164 164
Other intangible assets, net 1,082 1,125
Total assets 3,909 4,146
Current liabilities    
Accounts payable 265 289
Debt payable within one year 77 70
Interest payable 21 35
Income taxes payable 6 17
Accrued payroll and incentive compensation 40 43
Current liabilities associated with assets held for sale (see Note 4) 67 69
Current portion of operating lease liabilities 19 20
Other current liabilities 112 95
Total current liabilities 607 638
Long-term liabilities    
Long-term debt 1,756 1,715
Long-term pension and post employment benefit obligations 223 223
Deferred income taxes 153 149
Operating lease liabilities 78 82
Long-term liabilities associated with assets held for sale (see Note 4) 59 56
Other long-term liabilities 206 208
Total liabilities 3,082 3,071
Equity    
Common stock —$0.01 par value; 100 shares authorized, issued and outstanding 0 0
Paid-in capital 1,168 1,165
Accumulated other comprehensive loss (49) (1)
Accumulated deficit (292) (89)
Total equity 827 1,075
Total liabilities and equity 3,909 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
Common Stock, Shares, Issued 100 100
Shares, Outstanding 100 100