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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 106 $ 90
Receivables, net 354 485
Inventories, net 483 693
Prepaid and other current assets 16 24
Total current assets 959 1,292
Property, plant and equipment, net 143 165
Deferred income taxes 1 4
Goodwill 311 205
Intangibles, net 184 161
Other assets 5 5
Total assets 1,603 1,832
Current liabilities:    
Accounts payable 246 211
Accrued liabilities 100 94
Other current liabilities 1 2
Total current liabilities 347 307
Long-term debt 65 108
Deferred income taxes 7 11
Other long-term liabilities 1 3
Total liabilities 420 429
Commitments and contingencies
Stockholders' equity:    
Preferred stock—par value $0.01; 20 million shares authorized; no shares issued and outstanding
Common stock - par value $0.01; 330 million shares authorized; 107,474,904 and 107,219,138 shares issued and outstanding at December 31, 2016 and 2015, respectively 1 1
Additional paid-in capital 2,002 1,980
Accumulated deficit (678) (444)
Accumulated other comprehensive loss (142) (134)
Total stockholders' equity 1,183 1,403
Total liabilities and stockholders' equity $ 1,603 $ 1,832