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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash $ 145 $ 127
Accounts receivable - net of allowances for doubtful accounts of $4 and $3, respectively 343 301
Inventories 210 204
Other current assets 47 39
Total Current Assets 745 671
Property, plant and equipment, net 708 706
Intangible assets, net 913 917
Goodwill 2,077 2,064
Marketable securities 31 46
Other non-current assets 53 53
TOTAL ASSETS 4,527 4,457
Current Liabilities    
Accounts payable 228 179
Product warranty liability 30 33
Current portion of long-term debt 6 6
Deferred revenue 35 37
Other current liabilities 190 204
Total Current Liabilities 489 459
Product warranty liability 23 20
Deferred revenue 97 99
Long-term debt 2,503 2,504
Deferred income taxes 525 514
Other non-current liabilities 211 227
TOTAL LIABILITIES 3,848 3,823
Commitments and contingencies (see NOTE P)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding 0 0
Paid in capital 1,832 1,832
Accumulated deficit (1,098) (1,126)
Accumulated other comprehensive loss, net of tax (56) (73)
TOTAL STOCKHOLDERS’ EQUITY 679 634
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY 4,527 4,457
Voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 1 1
Non-voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0