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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 117 $ 183
Accounts receivable, net of allowance of $4 and $4 538 480
Inventories, net 630 583
Other receivables 89 75
Prepaid expenses and other 43 30
Total current assets 1,417 1,351
Non-current assets:    
Property and equipment, net of accumulated depreciation of $142 and $135 147 144
Operating lease right-of-use assets, net 138 137
Goodwill 1,267 1,247
Other intangibles, net of accumulated amortization of $479 and $451 414 439
Investments 48 49
Other non-current assets 39 43
Total assets 3,470 3,410
Current liabilities:    
Accounts payable 507 442
Current maturities of long-term debt and other borrowings 52 32
Accrued payroll and related liabilities 52 63
Accrued taxes 19 24
Accrued expenses and other current liabilities 132 137
Total current liabilities 762 698
Non-current liabilities:    
Long-term debt and other borrowings, net 995 1,014
Deferred income taxes 12 13
Other liabilities 151 151
Total liabilities 1,920 1,876
Commitments and contingencies (Note 5)
Mezzanine equity:    
Redeemable non-controlling interests 22 23
Shareholders' equity:    
Common stock 1 1
Accumulated other comprehensive loss (Note 8) (81) (79)
Additional paid-in capital 2,691 2,670
Accumulated deficit (1,083) (1,081)
Total shareholders’ equity 1,528 1,511
Total liabilities, mezzanine equity, and shareholders’ equity $ 3,470 $ 3,410
Common stock, shares authorized (in shares) 675,000,000 675,000,000
Common stock, shares outstanding (in shares) 139,143,360 138,011,969
Common stock, shares issued (in shares) 139,143,360 138,011,969