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Consolidated Statement of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 209 $ 233
Trade receivables, net of allowances of $12 and $8, respectively 183 208
Inventories, net 236 215
Restricted cash - current portion 8 12
Other current assets 31 36
Current assets held for sale 2 2
Total current assets 669 706
Property, plant and equipment, net of accumulated depreciation of $413 and $423, respectively 165 181
Goodwill 12 12
Intangible assets, net 43 47
Operating lease right-of-use assets 49 49
Restricted cash 24 45
Deferred income taxes   147
Other long-term assets 258 228
TOTAL ASSETS 1,220 1,415
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT)    
Accounts payable, trade 152 153
Short-term borrowings and current portion of long-term debt 2 2
Current portion of operating leases 11 12
Other current liabilities 175 201
Total current liabilities 340 368
Long-term debt, net of current portion 111 109
Pension and other postretirement liabilities 372 378
Operating leases, net of current portion 48 48
Other long-term liabilities 190 231
Total liabilities 1,061 1,134
Commitments and Contingencies (Note 11)
Equity (Deficit)    
Common stock, $0.01 par value
Additional paid in capital 600 604
Treasury stock, at cost (9) (9)
Accumulated deficit (190) (79)
Accumulated other comprehensive loss (426) (417)
Total shareholders’ equity (deficit) (25) 99
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT) 1,220 1,415
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 $ 184 $ 182