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Consolidated Statement of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 378 $ 434
Receivables, net 288 311
Inventories, net 308 271
Other current assets 21 21
Current assets held for sale 2 2
Total current assets 997 1,039
Property, plant and equipment, net of accumulated depreciation of $360 and $343 respectively 326 342
Goodwill 88 88
Intangible assets, net 113 121
Restricted cash 36 36
Deferred income taxes 37 35
Other long-term assets 120 115
TOTAL ASSETS 1,717 1,776
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT)    
Accounts payable, trade 179 200
Short-term borrowings and current portion of long-term debt 6 6
Other current liabilities 208 211
Total current liabilities 393 417
Long-term debt, net of current portion 404 405
Pension and other postretirement liabilities 581 603
Other long-term liabilities 239 268
Total Liabilities 1,617 1,693
Commitments and Contingencies (Note 8)
Equity (Deficit)    
Common stock, $0.01 par value
Additional paid in capital 638 641
Treasury stock, at cost (8) (8)
Accumulated deficit (261) (268)
Accumulated other comprehensive loss (427) (438)
Total shareholders’ deficit (58) (73)
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND DEFICIT 1,717 1,776
Convertible Series A Preferred Stock [Member]    
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT)    
Redeemable, convertible Series A preferred stock, no par value, $100 per share liquidation preference $ 158 $ 156