XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statement of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 262 $ 255
Trade receivables, net of allowances of $7 and $8, respectively 139 195
Inventories, net 230 217
Other current assets 46 45
Total current assets 677 712
Property, plant and equipment, net of accumulated depreciation of $471 and $450, respectively 171 169
Goodwill 12 12
Intangible assets, net 23 24
Operating lease right-of-use assets 31 30
Restricted cash 106 110
Pension and other postretirement assets 1,247 1,216
Other long-term assets 80 82
TOTAL ASSETS 2,347 2,355
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY    
Accounts payable, trade 129 125
Short-term borrowings and current portion of long-term debt 1 1
Current portion of operating leases 11 13
Other current liabilities 133 144
Total current liabilities 274 283
Long-term debt, net of current portion 447 457
Pension and other postretirement liabilities 229 237
Operating leases, net of current portion 26 24
Other long-term liabilities 208 213
Total liabilities 1,184 1,214
Commitments and Contingencies (Note 6)
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference 212 210
EQUITY    
Common stock, $0.01 par value 0 0
Additional paid in capital 1,156 1,156
Treasury stock, at cost (11) (11)
Accumulated deficit (463) (495)
Accumulated other comprehensive income 269 281
Total shareholders’ equity 951 931
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY 2,347 2,355
Redeemable Preferred Stock [Member]    
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY    
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference $ 212 $ 210