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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 28 $ 32
Accounts receivable, net 476 459
Inventories, net 691 701
Other current assets 24 26
Total current assets 1,219 1,218
Long-term assets:    
Operating lease assets 179 186
Property, plant and equipment, net 131 138
Other assets 19 19
Intangible assets:    
Goodwill, net 480 483
Other intangible assets, net 273 281
Total assets 2,301 2,325
Current liabilities:    
Trade accounts payable 399 357
Accrued expenses and other current liabilities 82 91
Operating lease liabilities 33 34
Current portion of long-term debt 4 4
Total current liabilities 518 486
Long-term liabilities:    
Long-term debt, net 517 547
Operating lease liabilities 161 167
Deferred income taxes 90 91
Other liabilities 43 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, 106,209,943 and 105,624,750 issued, respectively 1 1
Additional paid-in capital 1,730 1,731
Retained deficit (480) (483)
Less: Treasury stock at cost: 24,216,330 shares (375) (375)
Accumulated other comprehensive loss (259) (232)
Total stockholders' equity 617 642
Total liabilities and stockholders' equity $ 2,301 $ 2,325