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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Sep. 30, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 419 $ 758
Restricted cash 1 0
Receivables, net 271 292
Inventories, net 187 134
Related party receivables 5 9
Prepaid expenses and other contract assets 44 36
Other current assets 16 15
Total current assets 943 1,244
Property, plant and equipment, net 390 431
Operating lease right-of-use assets 83 89
Equity method investment 22 153
Goodwill 317 317
Intangible assets, net 17 21
Deferred tax assets 5 6
Other non-current assets 19 27
Total assets 1,796 2,288
Liabilities and equity    
Accounts payable 257 257
Related party payables 1 2
Accrued expenses 201 232
Income tax payable 5 25
Related party short-term debt 0 16
Other current liabilities 58 55
Total current liabilities 522 587
4.00% Convertible Senior Notes due 2024 177 170
Related party long-term debt 0 115
Pension liability 20 20
Deferred tax liabilities 13 12
Operating lease non-current liabilities 66 71
Finance lease non-current liabilities 45 46
Other non-current liabilities 19 28
Total non-current liabilities $ 340 $ 462
Shares outstanding (in shares) 112,000 111,000
Shares issued (in shares) 112,000 111,000
Equity    
Common stock (par value $1.00, 325 million shares authorized, 112 million shares and 111 million shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively) $ 112 $ 111
Additional paid-in capital 2,356 2,349
Accumulated deficit (1,524) (1,226)
Accumulated other comprehensive (loss)/ income (10) 5
Total equity 934 1,239
Total liabilities and equity $ 1,796 $ 2,288