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CONSOLIDATED INTERIM BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 338 $ 122
Accounts receivable – net 820 817
Inventories – net 671 671
Other current assets 164 175
Total current assets 1,993 1,785
Property, plant and equipment – net 304 316
Goodwill 2,612 2,642
Other assets 378 385
Total assets 5,287 5,128
Current liabilities:    
Accounts payable 906 920
Current maturities of long-term debt 382 22
Accrued liabilities 467 552
Total current liabilities 1,755 1,494
Long-term debt 1,149 1,158
Obligations payable to Honeywell 592 594
Other liabilities 270 280
COMMITMENTS AND CONTINGENCIES (Note 13)
EQUITY    
Common stock, $0.001 par value, 700,000 shares authorized, 123,874 and 123,121 shares issued and outstanding as of March 31, 2020, 123,488 and 122,873 shares issued and outstanding as of December 31, 2019, respectively 0 0
Additional paid-in capital 1,768 1,761
Treasury stock, at cost (4) (3)
Retained earnings 17 38
Accumulated other comprehensive (loss) (260) (194)
Total equity 1,521 1,602
Total liabilities and equity $ 5,287 $ 5,128