XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 40 $ 32
Accounts receivable, net 343 459
Inventory, Net, Total 582 701
Other current assets 29 26
Total current assets 994 1,218
Long-term assets:    
Operating lease assets 168 186
Property, plant and equipment, net 128 138
Other assets 16 19
Intangible assets:    
Goodwill, net 264 483 [1]
Other intangible assets, net 235 281
Assets, Total 1,805 2,325
Current liabilities:    
Trade accounts payable 293 357
Accrued expenses and other current liabilities 86 91
Operating lease liabilities 34 34
Current portion of long-term debt 4 4
Total current liabilities 417 486
Long-term liabilities:    
Long-term debt, net 405 547
Operating lease liabilities 160 167
Deferred income taxes 80 91
Other liabilities 41 37
Commitments and contingencies
6.5% Series A Convertible Perpetual Preferred Stock, $0.01 par value; authorized 363,000 shares; 363,000 shares issued and outstanding 355 355
Stockholders' equity:    
Common stock, $0.01 par value per share: 500 million shares authorized, 106,284,968 and 105,624,750 issued, respectively 1 1
Additional paid-in capital 1,736 1,731
Retained deficit (770) (483)
Less: Treasury stock at cost: 24,216,330 shares (375) (375)
Accumulated other comprehensive loss (245) (232)
Stockholders' Equity Attributable to Parent, Ending Balance 347 642
Liabilities and Equity, Total $ 1,805 $ 2,325
[1] Net of prior years’ accumulated impairment of $350 million, $69 million and $183 million in the United States, Canada and International, respectively.