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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 970 $ 859
Receivables, net 216 253
Inventories, net 135 144
Related party receivables 6 11
Prepaid expenses and other contract assets 36 47
Other current assets 18 18
Assets held for sale 26 317
Total current assets 1,407 1,649
Property, plant and equipment, net 395 473
Operating lease right-of-use assets 96 100
Equity method investment 79 87
Goodwill 289 290
Intangible assets, net 12 17
Deferred tax assets 7 7
Other Long-term Investments 10 9
Other non-current assets 26 111
Total assets 2,321 2,743
Liabilities and equity    
Accounts payable 233 233
Related party payables 2 3
Accrued expenses 198 192
Income tax payable 26 7
Other current liabilities 41 38
Liabilities held for sale 7 118
Total current liabilities 507 591
4% Convertible Senior Notes due 2024 (Carrying value) 163 160
Pension liability 17 17
Deferred tax liabilities 13 13
Operating lease non-current liabilities 78 82
Finance lease non-current liabilities 34 33
Other non-current liabilities 27 29
Total non-current liabilities 332 334
Equity    
Common stock  (par value $1.00, $325 million shares authorized, 111 million shares issued and outstanding as of March 31, 2020 and December 31, 2019) 111 111
Additional paid-in capital 2,345 2,343
Accumulated deficit (914) (681)
Accumulated other comprehensive loss (60) (44)
Total equity 1,482 1,729
Non-controlling interest 0 89
Total equity and non-controlling interest 1,482 1,818
Total liabilities, equity and non-controlling interest $ 2,321 $ 2,743
Shares Issued (in shares) 111,000,000 111,000,000
Shares Outstanding (in shares) 111,000,000 111,000,000
Shares Authorized (in shares) 325,000,000 325,000,000
Par Value (in dollars per share) $ 1.00 $ 1.00