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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 49 $ 312
Accounts receivable (net of allowance for doubtful accounts of $1 and $1) 333 292
Other receivables 5 9
Related party receivables 9 8
Inventories 582 419
Other current assets 26 13
Total current assets 1,004 1,053
Property, plant and equipment (net of accumulated depreciation of $725 and $692) 647 612
Operating lease right-of-use assets, net 57 61
Goodwill 1,879 1,879
Intangible assets, net 1,077 1,092
Other assets 33 25
Total assets 4,697 4,722
Liabilities    
Accounts payable 240 185
Related party payables 35 41
Current portion of long-term debt 25 25
Income taxes payable   6
Accrued and other current liabilities 155 175
Total current liabilities 455 432
Long-term debt 2,097 2,208
Long-term operating lease liabilities 48 51
Deferred income taxes 324 326
Long-term postretirement benefit obligation 54 53
Other liabilities 43 37
Total liabilities 3,021 3,107
Commitments and contingencies (Note 6)
Stockholders’ equity    
Additional paid-in capital 1,382 1,381
Accumulated other comprehensive income 3 1
Retained earnings 291 233
Total stockholders' equity 1,676 1,615
Total liabilities and stockholders' equity $ 4,697 $ 4,722