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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 715 $ 864
Short-term investments 0 5
Receivables, net 364 376
Inventories, net 170 172
Related party receivables 43 64
Prepaid expenses 39 39
Other current assets 21 22
Total current assets 1,352 1,543
Property, plant and equipment, net 521 499
Operating lease right-of-use assets 70 0
Equity method investment 81 101
Goodwill 290 291
Intangible assets, net 96 102
Deferred tax assets 10 11
Related party notes receivables 0 1
Investments 8 8
Other non-current assets 91 77
Total assets 2,519 2,632
Liabilities and equity    
Accounts payable 307 369
Related party payables 4 16
Accrued expenses 214 193
Income tax payable 7 9
Related party short-term debt 2 1
Other current liabilities 59 47
Total current liabilities 593 636
Related party long-term debt 13 13
Pension liability 20 20
Deferred tax liabilities 14 13
Operating lease non-current liabilities 53 0
Finance lease non-current liabilities 33 1
Other non-current liabilities 25 24
Total non-current liabilities 158 70
Commitments and contingencies
Equity    
Common stock (par value $1.00, 325 million shares authorized, 87 million shares issued and outstanding as of March 31, 2019 and December 31, 2018) 87 87
Additional paid-in capital 1,939 1,938
Accumulated deficit (318) (181)
Accumulated other comprehensive loss (30) (19)
Total equity 1,678 1,826
Non-controlling interest 90 101
Total equity and non-controlling interest 1,768 1,927
Total liabilities, equity and non-controlling interest $ 2,519 $ 2,632