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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 211 $ 290
Accounts receivable, net of allowance of $5 and $5 518 507
Inventories, net 555 530
Other receivables 87 67
Prepaid expenses and other 51 37
Total current assets 1,422 1,431
Non-current assets:    
Property and equipment, net of accumulated depreciation of $112 and $106 118 116
Operating lease right-of-use assets, net 111 117
Goodwill 1,187 1,187
Other intangibles, net of accumulated amortization of $497 and $470 516 555
Investments and other 86 90
Total assets 3,440 3,496
Current liabilities:    
Accounts payable 416 405
Current maturities of long-term debt and other borrowings 17 1
Accrued payroll and related liabilities 57 67
Accrued taxes 29 37
Other current liabilities 163 181
Total current liabilities 682 691
Non-current liabilities:    
Long-term debt and other borrowings, net 1,054 1,068
Deferred income taxes 23 28
Other liabilities 125 136
Total liabilities 1,884 1,923
Commitments and Contingencies
Mezzanine equity:    
Redeemable non-controlling interest 36 36
Shareholders' equity:    
Common stock, $0.01 par value per share, 675,000,000 shares authorized; 136,342,036 shares issued and outstanding as of March 31, 2021; 136,017,964 shares issued and outstanding as of December 31, 2020 1 1
Accumulated other comprehensive loss (75) (66)
Additional paid-in capital 2,637 2,629
Accumulated deficit (1,043) (1,027)
Total shareholders’ equity 1,520 1,537
Total liabilities, mezzanine equity, and shareholders’ equity $ 3,440 $ 3,496