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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 851 $ 859
Receivables, net 206 253
Inventories, net 132 144
Related party receivables 8 11
Prepaid expenses and other contract assets 29 47
Other current assets 17 18
Assets held for sale 17 317
Total current assets 1,260 1,649
Property, plant and equipment, net 406 473
Operating lease right-of-use assets 93 100
Equity method investment 74 87
Goodwill 290 290
Intangible assets, net 11 17
Deferred tax assets 6 7
Other long-term investments 9 9
Other non-current assets 28 111
Total assets 2,177 2,743
Liabilities and equity    
Accounts payable 131 233
Related party payables 1 3
Accrued expenses 200 192
Income tax payable 28 7
Other current liabilities 63 38
Liabilities held for sale 6 118
Total current liabilities 429 591
4% Convertible Senior Notes due 2024 (Carrying value) 165 160
Pension liability 17 17
Deferred tax liabilities 11 13
Operating lease non-current liabilities 75 82
Finance lease non-current liabilities 38 33
Other non-current liabilities 28 29
Total non-current liabilities 334 334
Equity    
Common stock  (par value $1.00, $325 million shares authorized, 111 million shares issued and outstanding as of June 30, 2020 and December 31, 2019) 111 111
Additional paid-in capital 2,347 2,343
Accumulated deficit (1,003) (681)
Accumulated other comprehensive loss (41) (44)
Total equity 1,414 1,729
Non-controlling interest 0 89
Total equity and non-controlling interest 1,414 1,818
Total liabilities, equity and non-controlling interest $ 2,177 $ 2,743