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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 42 $ 26
Accounts receivable, net 155 197
Inventories 395 398
Prepaid expenses and other assets 7 12
Total current assets 599 633
Property, plant and equipment, net 945  
Property, plant and equipment, net   1,016
Deferred tax assets 118 0
Intangibles and other assets, net 59 50
Total assets 1,721 1,699
Current liabilities:    
Accounts payable 188 215
Accrued and other liabilities 103 118
Current maturities of long-term debt and finance leases 2 0
Total current liabilities 293 333
Long-term debt and finance leases 5 0
Pension benefit obligation 369 428
Other long-term liabilities 41 32
Total liabilities 708 793
Commitments and contingencies
Equity:    
Preferred stock -- par value $0.01 (50,000,000 shares authorized, no shares issued) 0 0
Common stock -- par value $0.01 (210,000,000 Class A shares authorized with 34,569,917 shares issued and 34,484,093 outstanding on December 31, 2018 and 34,949,430 shares issued and 34,704,367 outstanding on December 31, 2019; 40,000,000 Class B shares authorized with no shares issued and outstanding on December 31, 2018 and December 31, 2019) 0 0
Treasury stock -- at cost (85,824 shares on December 31, 2018 and 245,063 shares on December 31, 2019) (5) (2)
Paid-in-capital (including Warrants of $10 million) 698 686
Retained earnings 198 102
Accumulated other comprehensive income 122 120
Total equity 1,013 906
Total liabilities and equity $ 1,721 $ 1,699