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CONSOLIDATED INTERIM BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 139 $ 187
Accounts, notes and other receivables – net (Note 7) 554 707
Inventories – net (Note 9) 234 220
Other current assets 77 85
Total current assets 1,004 1,199
Investments and long-term receivables 34 36
Property, plant and equipment – net 457 471
Goodwill 193 193
Deferred income taxes 272 268
Other assets (Note 10) 106 108
Total assets 2,066 2,275
Current liabilities:    
Accounts payable 705 1,009
Borrowings under revolving credit facility 135  
Current maturities of long-term debt 4 4
Obligations payable to Honeywell, current (Note 17) 37 69
Accrued liabilities (Note 11) 284 310
Total current liabilities 1,165 1,392
Long-term debt 1,403 1,409
Deferred income taxes 35 51
Obligations payable to Honeywell (Note 17) 1,304 1,282
Other liabilities (Note 12) 262 274
Total liabilities 4,169 4,408
COMMITMENTS AND CONTINGENCIES (Note 17)
EQUITY (DEFICIT)    
Additional paid-in capital 24 19
Retained earnings (2,244) (2,282)
Accumulated other comprehensive income (Note 15) 117 130
Total stockholders' deficit (2,103) (2,133)
Total liabilities and stockholders' deficit $ 2,066 $ 2,275