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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 122 $ 127
Accounts receivable - net of allowances for doubtful accounts of $5 and $3, respectively 363 301
Inventories 228 204
Other current assets 52 39
Total Current Assets 765 671
Property, plant and equipment, net 705 706
Intangible assets, net 901 917
Goodwill 2,076 2,064
Marketable securities 33 46
Other non-current assets 54 53
TOTAL ASSETS 4,534 4,457
Current Liabilities    
Accounts payable 198 179
Product warranty liability 28 33
Current portion of long-term debt 6 6
Deferred revenue 39 37
Other current liabilities 160 204
Total Current Liabilities 431 459
Product warranty liability 25 20
Deferred revenue 96 99
Long-term debt 2,502 2,504
Deferred income taxes 530 514
Other non-current liabilities 201 227
TOTAL LIABILITIES 3,785 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 1,839 1,832
Accumulated deficit (1,031) (1,126)
Accumulated other comprehensive loss, net of tax (60) (73)
TOTAL STOCKHOLDERS’ EQUITY 749 634
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY 4,534 4,457
Voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 1 1
Non-voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0