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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 144 $ 312
Accounts receivable (net of allowance for doubtful accounts of $1 and $1) 283 292
Other receivables 5 9
Related party receivables 10 8
Inventories 507 419
Other current assets 22 13
Total current assets 971 1,053
Property, plant and equipment (net of accumulated depreciation of $710 and $692) 611 612
Operating lease right-of-use assets, net 62 61
Goodwill 1,879 1,879
Intangible assets, net 1,084 1,092
Other assets 32 25
Total assets 4,639 4,722
Liabilities    
Accounts payable 203 185
Related party payables 36 41
Current portion of long-term debt 25 25
Income taxes payable 34 6
Accrued and other current liabilities 126 175
Total current liabilities 424 432
Long-term debt 2,102 2,208
Long-term operating lease liabilities 52 51
Deferred income taxes 322 326
Long-term postretirement benefit obligation 54 53
Other liabilities 42 37
Total liabilities 2,996 3,107
Commitments and contingencies (Note 6)
Stockholders’ equity    
Additional paid-in capital 1,380 1,381
Accumulated other comprehensive income 4 1
Retained earnings 259 233
Total stockholders' equity 1,643 1,615
Total liabilities and stockholders' equity $ 4,639 $ 4,722