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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 434 $ 192
Accounts receivable – net of allowances for doubtful accounts of $2 and $1, respectively 212 253
Inventories 201 199
Other current assets 40 42
Total Current Assets 887 686
Property, plant and equipment, net 634 616
Intangible assets, net 986 1,042
Goodwill 2,062 2,041
Other non-current assets 64 65
TOTAL ASSETS 4,633 4,450
Current Liabilities    
Accounts payable 138 150
Product warranty liability 29 24
Current portion of long-term debt 6 6
Deferred revenue 34 35
Other current liabilities 149 202
Total Current Liabilities 356 417
Product warranty liability 19 28
Deferred revenue 111 104
Long-term debt 2,786 2,512
Deferred income taxes 421 387
Other non-current liabilities 245 221
TOTAL LIABILITIES 3,938 3,669
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 1,806 1,802
Accumulated deficit (1,027) (970)
Accumulated other comprehensive loss, net of tax (85) (52)
TOTAL STOCKHOLDERS’ EQUITY 695 781
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY 4,633 4,450
Voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 1 1
TOTAL STOCKHOLDERS’ EQUITY 1 1
Non-voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0