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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 555 $ 758
Restricted cash 1 0
Receivables, net 257 292
Inventories, net 157 134
Related party receivables 8 9
Prepaid expenses and other contract assets 44 36
Other current assets 13 15
Total current assets 1,035 1,244
Property, plant and equipment, net 403 431
Operating lease right-of-use assets 85 89
Equity method investment 18 153
Goodwill 318 317
Intangible assets, net 18 21
Deferred tax assets 5 6
Other non-current assets 18 27
Total assets 1,900 2,288
Liabilities and equity    
Accounts payable 262 257
Related party payables 1 2
Accrued expenses 200 232
Income tax payable 7 25
Related party short-term debt 0 16
Other current liabilities 60 55
Total current liabilities 530 587
4.00% Convertible Senior Notes due 2024 174 170
Related party long-term debt 0 115
Pension liability 20 20
Deferred tax liabilities 12 12
Operating lease non-current liabilities 69 71
Finance lease non-current liabilities 46 46
Other non-current liabilities 19 28
Total non-current liabilities $ 340 $ 462
Shares outstanding (in shares) 111,000 112,000
Shares issued (in shares) 111,000 112,000
Equity    
Common stock (par value $1.00, 325 million shares authorized, 111 million shares and 112 million shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively) $ 112 $ 111
Additional paid-in capital 2,354 2,349
Accumulated deficit (1,431) (1,226)
Accumulated other comprehensive income/ (loss) (5) 5
Total equity 1,030 1,239
Total liabilities and equity $ 1,900 $ 2,288