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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 781 $ 555
Accounts receivable - net of allowance for doubtful accounts of $1 and $4, respectively 360 356
Inventories 315 276
Other current assets 82 63
Total Current Assets 1,538 1,250
Marketable securities 11 20
Property, plant and equipment, net 803 774
Intangible assets, net 822 833
Goodwill 2,075 2,076
Other non-current assets 87 72
TOTAL ASSETS 5,336 5,025
Current Liabilities    
Accounts payable 212 210
Product warranty liability 31 32
Current portion of long-term debt 5 6
Deferred revenue 41 41
Other current liabilities 217 212
Total Current Liabilities 506 501
Product warranty liability 36 27
Deferred revenue 95 89
Long-term debt 2,395 2,497
Deferred income taxes 501 519
Other non-current liabilities 152 159
TOTAL LIABILITIES 3,685 3,792
Commitments and Contingencies
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding 0 0
Paid in capital 1,940 1,891
Accumulated deficit (239) (628)
Accumulated other comprehensive loss, net of tax (51) (31)
TOTAL STOCKHOLDERS’ EQUITY 1,651 1,233
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY 5,336 5,025
Voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 1 1
Non-voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0