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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 205 $ 130
Accounts receivable, net of allowance of $8 and $8 525 426
Inventories, net 572 636
Other receivables 70 67
Prepaid expenses and other 40 30
Assets held for sale (Note 3) 48 51
Total current assets 1,460 1,340
Non-current assets:    
Property and equipment, net of accumulated depreciation of $89 and $84 94 93
Operating lease right-of-use assets, net (Note 5) 123 84
Goodwill 1,154 1,154
Other intangibles, net (Note 6) 605 643
Investments and other 51 47
Total assets 3,487 3,361
Current liabilities:    
Accounts payable 466 520
Current maturities of long-term debt and other borrowings (Note 7) 61 62
Accrued payroll and related liabilities 45 44
Accrued taxes 28 18
Other current liabilities 180 164
Liabilities held for sale (Note 3) 20 21
Total current liabilities 800 829
Non-current liabilities:    
Long-term debt and other borrowings, net (Note 7) 1,298 1,125
Deferred taxes 46 47
Other liabilities 132 94
Total liabilities 2,276 2,095
Commitments and contingencies (Note 10)
Redeemable non-controlling interests (Note 11) 9 10
Shareholders' equity:    
Common stock, $0.01 par value per share, 675,000,000 shares authorized; 111,854,439 shares issued and outstanding as of March 31, 2020; 111,620,507 shares issued and outstanding as of December 31, 2019 1 1
Accumulated other comprehensive loss (Note 12) (116) (86)
Additional paid-in capital 2,390 2,381
Accumulated deficit (1,073) (1,040)
Total shareholders’ equity 1,202 1,256
Total liabilities, redeemable non-controlling interests, and shareholders’ equity $ 3,487 $ 3,361