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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 62 $ 131
Accounts receivable, net 478 430
Inventories, net 462 560
Other current assets 41 34
Total current assets 1,043 1,155
Long-term assets:    
Operating lease assets 185 205
Property, plant and equipment, net 85 78
Other assets 31 21
Intangible assets:    
Goodwill, net 264 264
Other intangible assets, net 148 163
Assets 1,756 1,886
Current liabilities:    
Trade accounts payable 382 355
Accrued expenses and other current liabilities 108 102
Operating lease liabilities 34 34
Current portion of debt obligations 0 292
Total current liabilities 524 783
Long-term liabilities:    
Long-term debt 85 9
Operating lease liabilities 167 186
Deferred income taxes 41 45
Other liabilities 27 20
Commitments and contingencies
6.5% Series A Convertible Perpetual Preferred Stock, $0.01 par value; authorized 363,000 shares; 363,000 shares issued and outstanding 355 355
Stockholders' equity:    
Common stock, $0.01 par value per share: 500 million shares authorized, 109,452,863 and 108,531,564 issued, respectively 1 1
Additional paid-in capital 1,774 1,768
Retained deficit (618) (678)
Less: Treasury stock at cost: 24,216,330 shares (375) (375)
Accumulated other comprehensive loss (225) (228)
Equity, Attributable to Parent 557 488
Liabilities and Equity $ 1,756 $ 1,886