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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 238 $ 310
Accounts receivable – net of allowances for doubtful accounts of $2 and $1, respectively 299 228
Inventories 206 181
Other current assets 55 37
Total Current Assets 798 756
Property, plant and equipment, net 665 638
Intangible assets, net 940 963
Goodwill 2,064 2,064
Other non-current assets 55 56
TOTAL ASSETS 4,522 4,477
Current Liabilities    
Accounts payable 167 157
Product warranty liability 29 36
Current portion of long-term debt 6 6
Deferred revenue 39 34
Other current liabilities 188 140
Total Current Liabilities 429 373
Product warranty liability 31 30
Deferred revenue 103 109
Long-term debt 2,505 2,507
Deferred income taxes 473 442
Other non-current liabilities 249 260
TOTAL LIABILITIES 3,790 3,721
Commitments and contingencies (see NOTE P)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding 0 0
Paid in capital 1,826 1,818
Accumulated deficit (1,012) (974)
Accumulated other comprehensive loss, net of tax (83) (89)
TOTAL STOCKHOLDERS’ EQUITY 732 756
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY 4,522 4,477
Voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 1 1
TOTAL STOCKHOLDERS’ EQUITY 1 1
Non-voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0