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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 125 $ 259
Restricted cash (Note 3) 1 1
Accounts, notes and other receivables, net (Note 8) 687 808
Inventories, net (Note 10) 286 263
Other current assets (Note 11) 94 75
Total current assets 1,193 1,406
Investments and long-term receivables 10 29
Property, plant and equipment, net (Note 13) 449 477
Goodwill (Note 14) 193 193
Deferred income taxes (Note 7) 207 216
Other assets (Note 12) 224 206
Total assets 2,276 2,527
Current liabilities:    
Accounts payable 972 1,074
Current maturities of long-term debt (Note 16) 7 7
Accrued liabilities (Note 15) 299 293
Total current liabilities 1,278 1,374
Long-term debt (Note 16) 1,464 1,643
Deferred income taxes (Note 7) 25 27
Other liabilities (Note 20) 182 218
Total liabilities 2,949 3,262
COMMITMENTS AND CONTINGENCIES (Note 25)
EQUITY (DEFICIT)    
Common Stock, par value $0.001; 1,000,000,000 and 1,000,000,000 shares authorized, 240,987,329 and 238,543,624 issued and 206,387,938 and 238,249,056 outstanding as of December 31, 2024 and 2023, respectively 0 0
Additional paid-in capital 1,213 1,190
Retained deficit (1,653) (1,922)
Accumulated other comprehensive income (loss) (Note 22) 73 (3)
Treasury Stock, at cost; 34,599,391 and 0 shares as of December 31, 2024 and 2023, respectively (Note 21) (306) 0
Total deficit (673) (735)
Total liabilities and deficit $ 2,276 $ 2,527