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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 501 $ 232
Accounts receivable - net of allowance for doubtful accounts of $4 and $5, respectively 372 363
Inventories 281 224
Other current assets 63 47
Total Current Assets 1,217 866
Property, plant and equipment, net 763 763
Intangible assets, net 844 878
Goodwill 2,075 2,075
Marketable securities 21 22
Other non-current assets 67 67
TOTAL ASSETS 4,987 4,671
Current Liabilities    
Accounts payable 238 195
Product warranty liability 23 33
Current portion of long-term debt 6 6
Deferred revenue 44 38
Other current liabilities 193 208
Total Current Liabilities 504 480
Product warranty liability 36 24
Deferred revenue 94 93
Long-term debt 2,498 2,501
Deferred income taxes 511 536
Other non-current liabilities 160 163
TOTAL LIABILITIES 3,803 3,797
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 1,885 1,848
Accumulated deficit (670) (953)
Accumulated other comprehensive loss, net of tax (32) (22)
TOTAL STOCKHOLDERS’ EQUITY 1,184 874
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY 4,987 4,671
Voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 1 1
Non-voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0