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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 183 $ 290
Accounts receivable, net of allowance of $4 and $5 (Note 3) 480 507
Inventories, net 583 530
Other receivables 75 67
Prepaid expenses and other 30 26
Total current assets 1,351 1,420
Non-current assets:    
Property and equipment, net (Note 11) 144 116
Operating lease right-of-use assets, net (Note 10) 137 117
Goodwill (Note 6) 1,247 1,187
Other intangibles, net (Note 6) 439 555
Investments (Note 5) 49 52
Other non-current assets 43 49
Total assets 3,410 3,496
Current liabilities:    
Accounts payable 442 411
Current maturities of long-term debt and other borrowings (Note 7) 32 1
Accrued payroll and related liabilities 63 67
Accrued taxes 24 37
Accrued expenses and other current liabilities (Note 9) 137 175
Total current liabilities 698 691
Non-current liabilities:    
Long-term debt and other borrowings, net (Note 7) 1,014 1,068
Deferred income taxes 13 28
Other liabilities 151 136
Total liabilities 1,876 1,923
Commitments and contingencies (Note 8)
Mezzanine equity:    
Redeemable non-controlling interests (Note 19) 23 36
Shareholders' equity:    
Common stock 1 1
Accumulated other comprehensive loss (Note 16) (79) (66)
Additional paid-in capital 2,670 2,629
Accumulated deficit (1,081) (1,027)
Total shareholders’ equity 1,511 1,537
Total liabilities, mezzanine equity, and shareholders’ equity $ 3,410 $ 3,496
Common stock, shares authorized (in shares) 675,000,000 675,000,000
Common stock, shares issued (in shares) 138,011,969 136,017,964
Common stock, shares outstanding (in shares) 138,011,969 136,017,964