XML 19 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statement of Financial Position - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 201 $ 255
Trade receivables, net of allowances of $7 and $8 respectively 138 195
Inventories, net 219 217
Other current assets 37 45
Total current assets 595 712
Property, plant and equipment, net 189 169
Goodwill 12 12
Intangible assets, net 20 24
Operating lease right-of-use assets 27 30
Restricted cash 92 110
Pension and other postretirement assets 989 1,216
Other long-term assets 77 82
TOTAL ASSETS 2,001 2,355
LIABILITIES, REDEEMABLE, CONVERTIBLE PREFERRED STOCK AND EQUITY    
Accounts payable, trade 120 125
Short-term borrowings and current portion of long-term debt 1 1
Current portion of operating leases 11 13
Other current liabilities 129 144
Total current liabilities 261 283
Long-term debt, net of current portion 466 457
Pension and other postretirement liabilities 197 237
Operating leases, net of current portion 21 24
Other long-term liabilities 197 213
Total liabilities 1,142 1,214
Commitments and contingencies (Note 11)
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference 218 210
Equity    
Common stock, $0.01 par value 0 0
Additional paid in capital 1,150 1,156
Treasury stock, at cost (12) (11)
Accumulated deficit (393) (495)
Accumulated other comprehensive (loss) income (104) 281
Total equity 641 931
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY 2,001 2,355
Redeemable Preferred Stock [Member]    
LIABILITIES, REDEEMABLE, CONVERTIBLE PREFERRED STOCK AND EQUITY    
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference $ 218 $ 210