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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 1,204 $ 864
Short-term investments 0 5
Receivables, net 319 376
Inventories, net 158 172
Related party receivables 16 64
Prepaid expenses 42 39
Other current assets 19 22
Total current assets 1,758 1,543
Property, plant and equipment, net 548 499
Operating lease right-of-use assets 94  
Equity method investment 73 101
Goodwill 290 291
Intangible assets, net 93 102
Deferred tax assets 10 11
Related party notes receivables 0 1
Investments 10 8
Other non-current assets 91 77
Total assets 2,967 2,632
Liabilities and equity    
Accounts payable 276 369
Short-term debt 20 0
Related party payables 12 16
Accrued expenses 207 193
Income tax payable 6 9
Related party short-term debt 3 1
Other current liabilities 48 47
Total current liabilities 572 636
4% Convertible Senior Notes due 2024 (Carrying value) 156 0
Related party long-term debt 12 13
Pension liability 21 20
Deferred tax liabilities 12 13
Operating lease non-current liabilities 75  
Finance lease non-current liabilities 33 1
Other non-current liabilities 22 24
Total non-current liabilities 331 70
Equity    
Common stock (par value $1.00, 325 million shares authorized, 111 million and 87 million shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively) 111 87
Additional paid-in capital 2,341 1,938
Accumulated deficit (451) (181)
Accumulated other comprehensive loss (34) (19)
Total equity 1,967 1,826
Non-controlling interest 97 101
Total equity and non-controlling interest 2,064 1,927
Total liabilities, equity and non-controlling interest $ 2,967 $ 2,632