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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 392 $ 102
Accounts receivable (net of allowance for doubtful accounts of $1 and $0) 281 13
Other receivables 10 7
Related party receivables 9 14
Inventories 385 418
Other current assets 17 16
Total current assets 1,094 570
Property, plant and equipment (net of accumulated depreciation of $672 and $642) 558 537
Operating lease right-of-use assets, net 61 42
Goodwill 1,879 1,879
Intangible assets, net 1,107 1,123
Other assets 17 9
Total assets 4,716 4,160
Liabilities    
Accounts payable 144 135
Related party payables 49 72
Related party accrued interest payable   18
Current portion of long-term debt 25 21
Income taxes payable 28  
Accrued and other current liabilities 143 132
Total current liabilities 389 378
Long-term debt 2,418 1,990
Long-term related party borrowings   2,214
Long-term operating lease liabilities 52 35
Deferred income taxes 300 294
Long-term postretirement benefit obligation 48 48
Other liabilities 25 19
Total liabilities 3,232 4,978
Commitments and contingencies (Note 8)
Stockholders’ equity    
Additional paid-in capital 1,379  
Net parent deficit   (823)
Accumulated other comprehensive income 4 5
Retained earnings 101  
Total stockholders' equity 1,484 (818)
Total liabilities and stockholders' equity $ 4,716 $ 4,160