Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 168	$ 212
Receivables, net	422	398
Inventories, net	406	381
Prepaid and other current assets	29	26
Total current assets	1,025	1,017
Property, plant and equipment, net	121	119
Goodwill	119	116
Intangibles, net	23	25
Other assets	41	43
Total assets	1,329	1,320
Current liabilities:
Accounts payable	323	304
Accrued liabilities	118	126
Other current liabilities	6	9
Total current liabilities	447	439
Long-term operating lease liabilities	25	25
Deferred income taxes	1	1
Other long-term liabilities	12	11
Total liabilities	485	476
Commitments and contingencies
Stockholders' equity:
Preferred stock - par value $0.01; 20 million shares authorized; no shares issued and outstanding	0	0
Common stock - par value $0.01; 330 million shares authorized; 107,394,917 and 110,369,266 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	1	1
Treasury Stock - at average cost; 244,604 shares at March 31, 2023	(3)	0
Additional paid-in capital	2,036	2,066
Accumulated deficit	(1,044)	(1,075)
Accumulated other comprehensive loss	(149)	(150)
NOW Inc stockholders' equity	841	842
Noncontrolling interest	3	2
Total stockholders' equity	844	844
Total liabilities and stockholders' equity	$ 1,329	$ 1,320