XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statement of Financial Position (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 180 $ 233
Trade receivables, net of allowances of $12 and $8, respectively 140 208
Inventories, net 228 215
Restricted cash - current portion 7 12
Other current assets 32 36
Current assets held for sale 2 2
Total current assets 589 706
Property, plant and equipment, net of accumulated depreciation of $418 and $423, respectively 157 181
Goodwill 12 12
Intangible assets, net 41 47
Operating lease right-of-use assets 51 49
Restricted cash 25 45
Deferred income taxes   147
Other long-term assets 285 228
TOTAL ASSETS 1,160 1,415
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT)    
Accounts payable, trade 101 153
Short-term borrowings and current portion of long-term debt 2 2
Current portion of operating leases 11 12
Other current liabilities 161 201
Total current liabilities 275 368
Long-term debt, net of current portion 113 109
Pension and other postretirement liabilities 368 378
Operating leases, net of current portion 51 48
Other long-term liabilities 197 231
Total liabilities 1,004 1,134
Commitments and Contingencies (Note 11)
Equity (Deficit)    
Common stock, $0.01 par value
Additional paid in capital 595 604
Treasury stock, at cost (9) (9)
Accumulated deficit (195) (79)
Accumulated other comprehensive loss (421) (417)
Total shareholders’ (deficit) equity (30) 99
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT) 1,160 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 $ 186 $ 182