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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 1,062 $ 864
Short-term investments 0 5
Receivables, net 309 376
Inventories, net 159 172
Related party receivables 14 64
Prepaid expenses 46 39
Other current assets 12 22
Total current assets 1,602 1,543
Property, plant and equipment, net 570 499
Operating lease right-of-use assets 99  
Equity method investment 75 101
Goodwill 290 291
Intangible assets, net 87 102
Deferred tax assets 11 11
Related party notes receivables 0 1
Investments 10 8
Other non-current assets 111 77
Total assets 2,855 2,632
Liabilities and equity    
Accounts payable 317 369
Short-term debt 21 0
Related party payables 4 16
Accrued expenses 227 193
Income tax payable 6 9
Related party short-term debt 2 1
Other current liabilities 36 47
Total current liabilities 613 636
4% Convertible Senior Notes due 2024 (Carrying value) 158 0
Related party long-term debt 12 13
Pension liability 21 20
Deferred tax liabilities 12 13
Operating lease non-current liabilities 81  
Finance lease non-current liabilities 33 1
Other non-current liabilities 25 24
Total non-current liabilities 342 70
Equity    
Common stock (par value $1.00, 325 million shares authorized, 111 million and 87 million shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively) 111 87
Additional paid-in capital 2,343 1,938
Accumulated deficit (584) (181)
Accumulated other comprehensive loss (59) (19)
Total equity 1,811 1,826
Non-controlling interest 89 101
Total equity and non-controlling interest 1,900 1,927
Total liabilities, equity and non-controlling interest $ 2,855 $ 2,632