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Consolidated Statement of Financial Position (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 342 $ 434
Receivables, net 299 311
Inventories, net 316 271
Other current assets 31 23
Total current assets 988 1,039
Property, plant and equipment, net of accumulated depreciation of $381 and $343, respectively 309 342
Goodwill 32 88
Intangible assets, net 92 121
Restricted cash 11 36
Deferred income taxes 65 35
Other long-term assets 121 115
TOTAL ASSETS 1,618 1,776
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT)    
Accounts payable, trade 191 200
Short-term borrowings and current portion of long-term debt 8 6
Other current liabilities 212 211
Total current liabilities 411 417
Long-term debt, net of current portion 402 405
Pension and other postretirement liabilities 544 603
Other long-term liabilities 216 268
Total Liabilities 1,573 1,693
Commitments and Contingencies (Note 8)
Equity (Deficit)    
Common stock, $0.01 par value
Additional paid in capital 633 641
Treasury stock, at cost (9) (8)
Accumulated deficit (303) (268)
Accumulated other comprehensive loss (438) (438)
Total shareholders’ deficit (117) (73)
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND DEFICIT 1,618 1,776
Convertible Series A Preferred Stock [Member]    
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT)    
Redeemable, convertible Series A preferred stock, no par value, $100 per share liquidation preference $ 162 $ 156