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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 61 $ 105
Accounts receivable, net of allowances for doubtful accounts of $1 each as of September 30, 2023 and December 31, 2022 538 768
Inventories, net 848 860
Income tax receivable 43 26
Prepaid expenses and other current assets 162 124
Total Current assets 1,652 1,883
Property, plant and equipment, net 302 278
Right-of-use lease assets 165 156
Goodwill 3,893 3,899
Other intangibles, net 552 630
Deferred income taxes 438 407
Other long-term assets 329 276
Total Assets 7,331 7,529
Current liabilities:    
Current portion of long-term debt 152 214
Accounts payable 433 811
Accrued liabilities 528 744
Deferred revenue 428 425
Income taxes payable 21 138
Total Current liabilities 1,562 2,332
Long-term debt 2,121 1,809
Long-term lease liabilities 150 139
Deferred income taxes 75 75
Long-term deferred revenue 318 333
Other long-term liabilities 92 108
Total Liabilities 4,318 4,796
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 599 561
Treasury stock at cost, 20,792,573 and 20,700,357 shares as of September 30, 2023 and December 31, 2022, respectively (1,858) (1,799)
Retained earnings 4,315 4,036
Accumulated other comprehensive loss (44) (66)
Total Stockholders’ Equity 3,013 2,733
Total Liabilities and Stockholders’ Equity $ 7,331 $ 7,529