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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 187 $ 290
Accounts receivable, net of allowance of $4 and $5 491 507
Inventories, net 552 530
Other receivables 77 67
Prepaid expenses and other 44 26
Total current assets 1,351 1,420
Non-current assets:    
Property and equipment, net of accumulated depreciation of $125 and $106 127 116
Operating lease right-of-use assets, net 120 117
Goodwill 1,247 1,187
Other intangibles, net of accumulated amortization of $562 and $470 479 555
Investments and other 96 101
Total assets 3,420 3,496
Current liabilities:    
Accounts payable 428 411
Current maturities of long-term debt and other borrowings 46 1
Accrued payroll and related liabilities 62 67
Accrued taxes 37 37
Other current liabilities 141 175
Total current liabilities 714 691
Non-current liabilities:    
Long-term debt and other borrowings, net 1,027 1,068
Deferred income taxes 18 28
Other liabilities 136 136
Total liabilities 1,895 1,923
Commitments and Contingencies
Mezzanine equity:    
Redeemable non-controlling interest 23 36
Shareholders' equity:    
Common stock, $0.01 par value per share, 675,000,000 shares authorized; 137,731,865 shares issued and outstanding as of September 30, 2021; 136,017,964 shares issued and outstanding as of December 31, 2020 1 1
Accumulated other comprehensive loss (80) (66)
Additional paid-in capital 2,659 2,629
Accumulated deficit (1,078) (1,027)
Total shareholders’ equity 1,502 1,537
Total liabilities, mezzanine equity, and shareholders’ equity $ 3,420 $ 3,496