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Consolidated Statement of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 240 $ 246
Trade receivables, net of allowances of $8 and $9, respectively 201 232
Inventories, net 249 236
Other current assets 53 51
Current assets held for sale 116 113
Total current assets 859 878
Property, plant and equipment, net of accumulated depreciation of $431 and $422, respectively 233 246
Goodwill 12 12
Intangible assets, net 58 60
Operating lease right-of-use assets 49  
Restricted cash 8 11
Deferred income taxes 155 160
Other long-term assets 164 144
TOTAL ASSETS 1,538 1,511
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT)    
Accounts payable, trade 160 149
Short-term borrowings and current portion of long-term debt 396 396
Current portion of operating leases 23  
Other current liabilities 191 213
Current liabilities held for sale 25 20
Total current liabilities 795 778
Long-term debt, net of current portion 18 5
Pension and other postretirement liabilities 368 379
Operating leases, net of current portion 35  
Other long-term liabilities 163 179
Total Liabilities 1,379 1,341
Commitments and Contingencies (Note 10)
Equity (Deficit)    
Common stock, $0.01 par value
Additional paid in capital 615 617
Treasury stock, at cost (9) (9)
Accumulated deficit (213) (200)
Accumulated other comprehensive loss (409) (411)
Total shareholders’ deficit (16) (3)
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT) 1,538 1,511
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 $ 175 $ 173