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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 290 $ 130
Accounts Receivable, net of allowance 507 426
Inventories, net 530 636
Other receivables 67 67
Prepaid expenses and other 37 30
Assets held for sale (Note 4) 0 51
Total current assets 1,431 1,340
Non-current assets:    
Property and equipment, net 116 93
Operating lease right-of-use asset 117 84
Goodwill (Note 8) 1,187 1,154
Other intangibles, net (Note 8) 555 643
Investments and other 90 45
Total assets 3,496 3,359
Current liabilities:    
Accounts payable 405 520
Current maturities of long-term debt and other borrowings (Note 9) 1 62
Accrued payroll and related liabilities 67 44
Accrued taxes 37 18
Other current liabilities 181 164
Liabilities held for sale (Note 4) 0 21
Total current liabilities 691 829
Non-current liabilities:    
Long-term debt and other borrowings, net (Note 9) 1,068 1,125
Deferred income taxes 28 48
Other liabilities 136 94
Total liabilities 1,923 2,096
Commitments and contingencies (Note 12)
Mezzanine equity:    
Redeemable non-controlling interests (Note 13) 36 10
Shareholders' equity:    
Common stock, $0.01 par value per share, 675,000,000 shares authorized as of December 31, 2020 and December 31, 2019; 136,017,964 and 111,620,507 shares issued and outstanding as of December 31, 2020 and 2019, respectively 1 1
Accumulated other comprehensive loss (Note 15) (66) (86)
Additional paid-in capital 2,629 2,339
Accumulated deficit (1,027) (1,001)
Total shareholders’ equity 1,537 1,253
Total liabilities, mezzanine equity, and shareholders’ equity $ 3,496 $ 3,359