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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 387,000,000 $ 183,000,000
Receivables, net 198,000,000 370,000,000
Inventories, net 262,000,000 465,000,000
Assets held-for-sale   34,000,000
Prepaid and other current assets 14,000,000 15,000,000
Total current assets 861,000,000 1,067,000,000
Property, plant and equipment, net 98,000,000 120,000,000
Deferred income taxes 1,000,000 2,000,000
Goodwill 0 245,000,000
Intangibles, net   90,000,000
Other assets 48,000,000 67,000,000
Total assets 1,008,000,000 1,591,000,000
Current liabilities:    
Accounts payable 172,000,000 255,000,000
Accrued liabilities 95,000,000 127,000,000
Liabilities held-for-sale   6,000,000
Other current liabilities 5,000,000 8,000,000
Total current liabilities 272,000,000 396,000,000
Long-term operating lease liabilities 25,000,000 34,000,000
Deferred income taxes   4,000,000
Other long-term liabilities 12,000,000 13,000,000
Total liabilities 309,000,000 447,000,000
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; 109,951,610 and 109,207,678 shares issued and outstanding at December 31, 2020 and 2019, respectively 1,000,000 1,000,000
Additional paid-in capital 2,051,000,000 2,046,000,000
Accumulated deficit (1,208,000,000) (775,000,000)
Accumulated other comprehensive loss (145,000,000) (128,000,000)
Total stockholders' equity 699,000,000 1,144,000,000
Total liabilities and stockholders' equity $ 1,008,000,000 $ 1,591,000,000