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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 101 $ 164
Accounts receivable (net of allowance for doubtful accounts of $1 and $1) 322 316
Other receivables 9 12
Related party receivables 11 10
Inventories 648 583
Other current assets 18 19
Total current assets 1,109 1,104
Property, plant and equipment (net of accumulated depreciation of $770 and $752) 676 677
Operating lease right-of-use assets, net 53 55
Goodwill 1,879 1,879
Intangible assets, net 1,054 1,061
Other assets 39 36
Total assets 4,810 4,812
Liabilities    
Accounts payable 258 261
Related party payables 41 38
Current portion of long-term debt 25 25
Income taxes payable 18 1
Accrued and other current liabilities 140 159
Total current liabilities 482 484
Long-term debt 2,082 2,087
Long-term operating lease liabilities 44 46
Deferred income taxes 349 351
Long-term postretirement benefit obligation 49 50
Other liabilities 37 38
Total liabilities 3,043 3,056
Commitments and contingencies (Note 7)
Stockholders’ equity    
Additional paid-in capital 1,381 1,381
Accumulated other comprehensive income 17 10
Retained earnings 369 365
Total stockholders' equity 1,767 1,756
Total liabilities and stockholders' equity $ 4,810 $ 4,812