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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents (including restricted cash of $2 and $4, respectively) $ 354 $ 204
Accounts receivable (net of allowance for doubtful accounts of $3 and $3, respectively) 413 331
Inventories:    
Finished and in-process goods 273 180
Raw materials and supplies 122 85
Total current assets held for sale 5 114
Other current assets 51 39
Total current assets 1,218 953
Investment in unconsolidated entities 12 10
Deferred Tax Assets, Net 7 7
Long-term assets held for sale (see Note 4) 0 342
Other long-term assets 77 85
Property and equipment    
Land 78 79
Buildings 124 122
Machinery and equipment 1,294 1,270
Property, plant and equipment, gross 1,496 1,471
Less accumulated depreciation (309) (212)
Property, plant and equipment, net 1,187 1,259
Operating lease assets 94 103
Goodwill 164 164
Other intangible assets, net 1,025 1,079
Total assets 3,784 4,002
Current liabilities    
Accounts payable 360 339
Debt payable within one year 47 82
Interest payable 19 30
Income taxes payable 38 6
Accrued payroll and incentive compensation 71 42
Current liabilities associated with assets held for sale (see Note 4) 3 70
Current portion of operating lease liabilities 16 19
Other current liabilities 104 111
Total current liabilities 658 699
Long-term liabilities    
Long-term debt 1,546 1,710
Long-term pension and post employment benefit obligations 228 250
Deferred income taxes 147 161
Operating lease liabilities 71 76
Long-term liabilities associated with assets held for sale (see Note 4) 0 74
Other long-term liabilities 207 209
Total liabilities 2,857 3,179
Equity    
Common stock —$0.01 par value; 100 shares authorized, issued and outstanding 0 0
Paid-in capital 1,192 1,169
Accumulated other comprehensive loss (44) (27)
Accumulated deficit (221) (319)
Total equity 927 823
Total liabilities and equity $ 3,784 $ 4,002
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
net allowance for doubtful accounts $ 3 $ 3