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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 551 $ 555
Accounts receivable - net of allowance for doubtful accounts of $4 392 356
Inventories 289 276
Other current assets 68 63
Total Current Assets 1,300 1,250
Property, plant and equipment, net 762 774
Intangible assets, net 828 833
Goodwill 2,075 2,076
Marketable securities 14 20
Other non-current assets 77 72
TOTAL ASSETS 5,056 5,025
Current Liabilities    
Accounts payable 244 210
Product warranty liability 30 32
Current portion of long-term debt 5 6
Deferred revenue 42 41
Other current liabilities 197 212
Total Current Liabilities 518 501
Product warranty liability 28 27
Deferred revenue 92 89
Long-term debt 2,398 2,497
Deferred income taxes 513 519
Other non-current liabilities 165 159
TOTAL LIABILITIES 3,714 3,792
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 1,911 1,891
Accumulated deficit (533) (628)
Accumulated other comprehensive loss, net of tax (37) (31)
TOTAL STOCKHOLDERS’ EQUITY 1,342 1,233
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY 5,056 5,025
Voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 1 1
Non-voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0