XML 18 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 355 $ 130
Accounts receivable, net of allowance of $6 and $8 498 426
Inventories, net 521 636
Other receivables 81 67
Prepaid expenses and other 45 30
Assets held for sale 0 51
Total current assets 1,500 1,340
Non-current assets:    
Property and equipment, net of accumulated depreciation of $101 and $84 108 93
Operating lease right-of-use assets, net (Note 5) 118 84
Goodwill 1,154 1,154
Other intangibles, net (Note 6) 541 643
Investments and other 89 47
Total assets 3,510 3,361
Current liabilities:    
Accounts payable 416 520
Current maturities of long-term debt and other borrowings (Note 7) 46 62
Accrued payroll and related liabilities 73 44
Accrued taxes 41 18
Other current liabilities 155 164
Liabilities held for sale 0 21
Total current liabilities 731 829
Non-current liabilities:    
Long-term debt and other borrowings, net (Note 7) 1,082 1,125
Deferred taxes 39 47
Other liabilities 139 94
Total liabilities 1,991 2,095
Commitments and contingencies (Note 10)
Mezzanine equity:    
Redeemable non-controlling interests (Note 11) 15 10
Redeemable Series A convertible preferred stock, $0.01 par value per share, $1,000 per share liquidation preference, 250,000 shares authorized, and 90,632 outstanding as of September 30, 2020 (Note 12) 88 0
Shareholders' equity:    
Common stock, $0.01 par value per share, 675,000,000 shares authorized; 127,363,432 shares issued and outstanding as of September 30, 2020; 111,620,507 shares issued and outstanding as of December 31, 2019 1 1
Accumulated other comprehensive loss (Note 13) (91) (86)
Additional paid-in capital 2,567 2,381
Accumulated deficit (1,061) (1,040)
Total shareholders’ equity 1,416 1,256
Total liabilities, mezzanine equity, and shareholders’ equity $ 3,510 $ 3,361