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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 202 $ 183
Receivables, net 366 370
Inventories, net 434 465
Assets held-for-sale   34
Prepaid and other current assets 18 15
Total current assets 1,020 1,067
Property, plant and equipment, net 112 120
Deferred income taxes 2 2
Goodwill   245
Intangibles, net   90
Other assets 62 67
Total assets 1,196 1,591
Current liabilities:    
Accounts payable 258 255
Accrued liabilities 119 127
Liabilities held-for-sale   6
Other current liabilities 8 8
Total current liabilities 385 396
Long-term operating lease liabilities 31 34
Deferred income taxes   4
Other long-term liabilities 12 13
Total liabilities 428 447
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; 109,308,266 and 109,207,678 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 1 1
Additional paid-in capital 2,046 2,046
Accumulated deficit (1,112) (775)
Accumulated other comprehensive loss (167) (128)
Total stockholders' equity 768 1,144
Total liabilities and stockholders' equity $ 1,196 $ 1,591