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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 87 $ 183
Accounts receivable, net of allowance of $4 and $4 550 480
Inventories, net 587 583
Other receivables 106 75
Prepaid expenses and other 48 30
Total current assets 1,378 1,351
Non-current assets:    
Property and equipment, net of accumulated depreciation of $148 and $135 156 144
Operating lease right-of-use assets, net 131 137
Goodwill 1,268 1,247
Other intangibles, net of accumulated amortization of $503 and $451 380 439
Investments 45 49
Other non-current assets 40 43
Total assets 3,398 3,410
Current liabilities:    
Accounts payable 446 442
Current maturities of long-term debt and other borrowings 66 32
Accrued payroll and related liabilities 58 63
Accrued taxes 18 24
Accrued expenses and other current liabilities 145 137
Total current liabilities 733 698
Non-current liabilities:    
Long-term debt and other borrowings, net 983 1,014
Deferred income taxes 11 13
Other liabilities 144 151
Total liabilities 1,871 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) (110) (79)
Additional paid-in capital 2,701 2,670
Accumulated deficit (1,087) (1,081)
Total shareholders’ equity 1,505 1,511
Total liabilities, mezzanine equity, and shareholders’ equity $ 3,398 $ 3,410
Common stock, shares authorized (in shares) 675,000,000 675,000,000
Common stock, shares outstanding (in shares) 139,839,264 138,011,969
Common stock, shares issued (in shares) 139,839,264 138,011,969