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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 919 $ 0
Short-term investments 5 0
Receivables, net 437 460
Inventories, net 166 154
Related party receivables 63 0
Prepaid expenses and contract assets 33 34
Other current assets 25 0
Total current assets 1,648 648
Property, plant and equipment, net 456 362
Equity method investment 120 98
Goodwill 291 292
Intangible assets, net 102 122
Deferred tax assets 28 30
Related party notes receivables 0 76
Other non-current assets 82 34
Total assets 2,728 1,662
Liabilities and equity    
Accounts payable 356 323
Related party payables 3 5
Accrued expenses 237 195
Income tax payable 10 41
Other current liabilities 24 26
Total current liabilities 630 590
Related party long-term debt 12 62
Pension liability 19 14
Deferred tax liabilities 16 17
Other non-current liabilities 11 22
Total non-current liabilities 58 115
Commitments and contingencies
Equity    
Common stock (par value $1.00, 325 million shares authorized, 87 million shares issued and outstanding at September 30, 2018 and December 31, 2017) 87 0
Additional paid-in capital 1,929 0
Accumulated deficit (68) 0
Net Former Parent investment 0 844
Accumulated other comprehensive income (loss) (12) (8)
Total equity 1,936 836
Non-controlling interest 104 121
Total equity and non-controlling interest 2,040 957
Total liabilities, equity and non-controlling interest $ 2,728 $ 1,662