XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statement of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 225 $ 217
Trade receivables, net of allowances of $8 and $7, respectively 167 177
Inventories, net 251 237
Other current assets 42 48
Current assets held for sale 2 2
Total current assets 687 681
Property, plant and equipment, net of accumulated depreciation of $457 and $450, respectively 153 154
Goodwill 12 12
Intangible assets, net 27 28
Operating lease right-of-use assets 38 39
Restricted cash 62 62
Pension and other postretirement assets 1,266 1,233
Other long-term assets 77 76
TOTAL ASSETS 2,322 2,285
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY    
Accounts payable, trade 139 134
Short-term borrowings and current portion of long-term debt 1 1
Current portion of operating leases 15 15
Other current liabilities 140 143
Total current liabilities 295 293
Long-term debt, net of current portion 320 316
Pension and other postretirement liabilities 232 230
Operating leases, net of current portion 29 31
Other long-term liabilities 173 171
Total liabilities 1,049 1,041
Commitments and Contingencies (Note 6)
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference 205 203
Equity    
Common stock, $0.01 par value 0 0
Additional paid in capital 1,161 1,160
Treasury stock, at cost (11) (11)
Accumulated deficit (537) (570)
Accumulated other comprehensive income 455 462
Total shareholders’ equity 1,068 1,041
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY 2,322 2,285
Series A Preferred Stock [Member]    
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY    
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference $ 205 $ 203