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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 168 $ 30
Accounts receivable, net of allowances for doubtful accounts of $1 million and $2 million as of December 31, 2020 and 2019 508 613
Inventories, net 511 474
Income tax receivable 16 32
Prepaid expenses and other current assets 70 46
Total Current assets 1,273 1,195
Property, plant and equipment, net 274 259
Right-of-use lease asset 135 107
Goodwill 2,988 2,622
Other intangibles, net 402 275
Deferred income taxes 139 127
Other long-term assets 164 126
Total Assets 5,375 4,711
Current liabilities:    
Current portion of long-term debt 364 197
Accounts payable 601 552
Accrued liabilities 559 379
Deferred revenue 308 238
Income taxes payable 19 38
Total Current liabilities 1,851 1,404
Total long-term debt 881 1,080
Long-term lease liabilities 129 100
Long-term deferred revenue 273 221
Other long-term liabilities 97 67
Total Liabilities 3,231 2,872
Stockholders’ Equity:    
Preferred stock, $.01 par value; authorized 10,000,000 shares; none issued 0 0
Class A common stock, $.01 par value; authorized 150,000,000 shares; issued 72,151,857 shares 1 1
Additional paid-in capital 395 339
Treasury stock at cost, 18,689,775 and 18,148,925 shares as of December 31, 2020 and 2019, respectively (919) (689)
Retained earnings 2,736 2,232
Accumulated other comprehensive loss (69) (44)
Total Stockholders’ Equity 2,144 1,839
Total Liabilities and Stockholders’ Equity $ 5,375 $ 4,711