XML 24 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 172 $ 137
Accounts receivable, net 106 83
Inventories 127 224
Assets held for sale 3 17
Prepaid expenses and other assets 7 5
Total current assets 415 466
Property, plant and equipment, net 523 613
Deferred tax assets 85 122
Intangibles and other assets, net 32 44
Total assets 1,055 1,245
Current liabilities:    
Accounts payable 99 80
Accrued and other liabilities 68 92
Current maturities of long-term debt and finance leases 1 1
Total current liabilities 168 173
Long-term debt and finance leases 3 4
Pension benefit obligation 148 350
Other long-term liabilities 37 34
Total liabilities 356 561
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 35,877,533 shares issued and 33,133,649 outstanding on December 31, 2020 and 33,374,336 shares issued and 29,144,507 outstanding on December 31, 2021; 40,000,000 Class B shares authorized with no shares issued and outstanding on December 31, 2020 and December 31, 2021) 0 0
Treasury stock -- at cost (2,743,884 shares on December 31, 2020 and 4,229,829 shares on December 31, 2021) (63) (39)
Paid-in-capital (including Warrants of $10 million on December 31, 2020 and $6 million on December 31, 2021) 645 705
Retained deficit (57) (42)
Accumulated other comprehensive income 174 60
Total equity 699 684
Total liabilities and equity $ 1,055 $ 1,245