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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 124 $ 38
Accounts receivable (net of allowance for doubtful accounts of $1 and $1) 345 348
Other receivables 4 15
Inventories 576 722
Other current assets 48 41
Total current assets 1,106 1,171
Property, plant and equipment (net of accumulated depreciation of $878 and $821) 719 722
Operating lease right-of-use assets, net 57 65
Goodwill 1,879 1,879
Intangible assets, net 1,009 1,031
Other assets 68 61
Total assets 4,838 4,929
Liabilities    
Current portion of long-term debt 0 25
Current operating lease liabilities 16 14
Income taxes payable 1 14
Accrued and other current liabilities 183 145
Total current liabilities 467 496
Long-term debt 1,981 2,066
Long-term operating lease liabilities 44 53
Deferred income taxes 364 365
Long-term postretirement benefit obligation 34 34
Other liabilities 56 47
Total liabilities 2,946 3,061
Commitments and contingencies (Note 7)
Stockholders’ equity    
Common stock, $0.001 par value; 2,000 shares authorized; 210 shares issued and outstanding 0 0
Additional paid-in capital 1,392 1,385
Accumulated other comprehensive income 52 52
Retained earnings 448 431
Total stockholders’ equity 1,892 1,868
Total liabilities and stockholders’ equity 4,838 4,929
Related Party    
Assets    
Related party receivables 9 7
Liabilities    
Accounts payable 30 46
Nonrelated Party    
Liabilities    
Accounts payable $ 237 $ 252