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CONSOLIDATED INTERIM BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 478 $ 246
Restricted cash 1 2
Accounts, notes and other receivables – net (Note 6) 864 803
Inventories – net (Note 8) 312 270
Other current assets 87 110
Total current assets 1,742 1,431
Investments and long-term receivables 29 30
Property, plant and equipment – net 452 470
Goodwill 193 193
Deferred income taxes 230 232
Other assets (Note 9) 246 281
Total assets 2,892 2,637
Current liabilities:    
Accounts payable 1,136 1,048
Current maturities of long-term debt (Note 14) 60 7
Accrued liabilities (Note 11) 322 320
Total current liabilities 1,518 1,375
Long-term debt (Note 14) 1,772 1,148
Deferred income taxes 21 25
Other liabilities (Note 12) 204 205
Total liabilities 3,515 2,753
COMMITMENTS AND CONTINGENCIES (Note 20)
EQUITY (DEFICIT)    
Common Stock, par value $0.001; 1,000,000,000 and 1,000,000,000 shares authorized, 264,653,768 and 64,943,238 issued and 264,403,053 and 64,832,609 outstanding as of June 30, 2023 and December 31, 2022, respectively 0 0
Additional paid–in capital 1,184 1,333
Retained deficit (1,834) (1,485)
Accumulated other comprehensive income (Note 17) 27 36
Total deficit (623) (116)
Total liabilities and deficit 2,892 2,637
Series A Cumulative Convertible Preferred Stock    
EQUITY (DEFICIT)    
Series A Preferred Stock, par value $0.001; zero and 245,089,671 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively $ 0 $ 0