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Consolidated Statement of Financial Position - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 217 $ 362
Trade receivables, net of allowances of $7 and $7 177 175
Inventories, net 237 219
Other current assets 48 49
Current assets held for sale 2 2
Total current assets 681 807
Property, plant and equipment, net 154 140
Goodwill 12 12
Intangible assets, net 28 34
Operating lease right-of-use assets 39 47
Restricted cash 62 54
Pension and other postretirement assets 1,233 1,022
Other long-term assets 76 55
TOTAL ASSETS 2,285 2,171
LIABILITIES, REDEEMABLE, CONVERTIBLE PREFERRED STOCK AND EQUITY    
Accounts payable, trade 134 153
Short-term borrowings and current portion of long-term debt 1 1
Current portion of operating leases 15 13
Other current liabilities 143 142
Total current liabilities 293 309
Long-term debt, net of current portion 316 253
Pension and other postretirement liabilities 230 382
Operating leases, net of current portion 31 45
Other long-term liabilities 171 205
Total liabilities 1,041 1,194
Commitments and contingencies (Note 12)
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference 203 196
Equity    
Common stock, $0.01 par value 0 0
Additional paid in capital 1,160 1,166
Treasury stock, at cost (11) (10)
Accumulated deficit (570) (596)
Accumulated other comprehensive income 462 221
Total equity 1,041 781
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY 2,285 2,171
Series A Preferred Stock [Member]    
LIABILITIES, REDEEMABLE, CONVERTIBLE PREFERRED STOCK AND EQUITY    
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference $ 203 $ 196