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Consolidated Statement of Financial Position (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 225 $ 233
Trade receivables, net of allowances of $8 and $9, respectively 195 232
Inventories, net 242 231
Other current assets 57 47
Current assets held for sale 2 167
Total current assets 721 910
Property, plant and equipment, net of accumulated depreciation of $419 and $395, respectively 186 216
Goodwill 12 12
Intangible assets, net 53 58
Operating lease right-of-use assets 49  
Restricted cash 36 11
Deferred income taxes 147 160
Other long-term assets 205 143
TOTAL ASSETS 1,409 1,510
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT)    
Accounts payable, trade 140 130
Short-term borrowings and current portion of long-term debt 2 396
Current portion of operating leases 26  
Other current liabilities 203 209
Current liabilities held for sale   43
Total current liabilities 371 778
Long-term debt, net of current portion 106 5
Pension and other postretirement liabilities 352 379
Operating leases, net of current portion 34  
Other long-term liabilities 195 178
Total liabilities 1,058 1,340
Commitments and Contingencies (Note 10)
Equity (Deficit)    
Common stock, $0.01 par value
Additional paid in capital 608 617
Treasury stock, at cost (9) (9)
Accumulated deficit (17) (200)
Accumulated other comprehensive loss (411) (411)
Total shareholders’ equity (deficit) 171 (3)
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT) 1,409 1,510
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 $ 180 $ 173