Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 194	$ 212
Receivables, net	396	398
Inventories, net	415	381
Prepaid and other current assets	28	26
Total current assets	1,033	1,017
Property, plant and equipment, net	130	119
Goodwill	140	116
Intangibles, net	29	25
Other assets	44	43
Total assets	1,376	1,320
Current liabilities:
Accounts payable	301	304
Accrued liabilities	114	126
Other current liabilities	8	9
Total current liabilities	423	439
Long-term operating lease liabilities	28	25
Deferred income taxes	1	1
Other long-term liabilities	17	11
Total liabilities	469	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; 106,329,287 and 110,369,266 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively	1	1
Additional paid-in capital	2,028	2,066
Accumulated deficit	(975)	(1,075)
Accumulated other comprehensive loss	(150)	(150)
NOW Inc. stockholders' equity	904	842
Noncontrolling interest	3	2
Total stockholders' equity	907	844
Total liabilities and stockholders' equity	$ 1,376	$ 1,320