XML 26 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 115 $ 38
Accounts receivable, net 347 348
Other receivables 7 15
Inventories 524 722
Other current assets 41 41
Total current assets 1,041 1,171
Property, plant and equipment, net 732 722
Operating lease right-of-use assets, net 56 65
Goodwill 1,895 1,879
Intangible assets, net 1,001 1,031
Other assets 55 61
Total assets 4,780 4,929
Liabilities    
Current portion of long-term debt 0 25
Current operating lease liabilities 16 14
Income taxes payable 22 14
Accrued and other current liabilities 187 145
Total current liabilities 478 496
Long-term debt 1,832 2,066
Long-term operating lease liabilities 42 53
Deferred income taxes 357 365
Long-term postretirement benefit obligation 16 34
Other liabilities 72 47
Total liabilities 2,797 3,061
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock, $0.001 par value; 2,000 shares authorized; 210 shares issued and outstanding 0 0
Additional paid-in capital 1,396 1,385
Accumulated other comprehensive income 50 52
Retained earnings 537 431
Total stockholders’ equity 1,983 1,868
Total liabilities and stockholders’ equity 4,780 4,929
Related Party    
Assets    
Related party receivables 7 7
Liabilities    
Accounts payable 34 46
Nonrelated Party    
Liabilities    
Accounts payable $ 219 $ 252