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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 232 $ 127
Accounts receivable - net of allowance for doubtful accounts of $5 and $3, respectively 363 301
Inventories 224 204
Other current assets 47 39
Total Current Assets 866 671
Property, plant and equipment, net 763 706
Intangible assets, net 878 917
Goodwill 2,075 2,064
Marketable securities 22 46
Other non-current assets 67 53
TOTAL ASSETS 4,671 4,457
Current Liabilities    
Accounts payable 195 179
Product warranty liability 33 33
Current portion of long-term debt 6 6
Deferred revenue 38 37
Other current liabilities 208 204
Total Current Liabilities 480 459
Product warranty liability 24 20
Deferred revenue 93 99
Long-term debt 2,501 2,504
Deferred income taxes 536 514
Other non-current liabilities 163 227
TOTAL LIABILITIES 3,797 3,823
Commitments and Contingencies (see Note 18)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding 0 0
Paid in capital 1,848 1,832
Accumulated deficit (953) (1,126)
Accumulated other comprehensive loss, net of tax (22) (73)
TOTAL STOCKHOLDERS’ EQUITY 874 634
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY 4,671 4,457
Voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 1 1
Non-voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0