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Consolidated Statement of Financial Position (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 193 $ 233
Trade receivables, net of allowances of $11 and $8, respectively 153 208
Inventories, net 232 215
Restricted cash - current portion 7 12
Other current assets 35 36
Current assets held for sale 2 2
Total current assets 622 706
Property, plant and equipment, net of accumulated depreciation of $424 and $423, respectively 150 181
Goodwill 12 12
Intangible assets, net 40 47
Operating lease right-of-use assets 50 49
Restricted cash 41 45
Deferred income taxes   147
Other long-term assets 305 228
TOTAL ASSETS 1,220 1,415
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY    
Accounts payable, trade 118 153
Short-term borrowings and current portion of long-term debt 2 2
Current portion of operating leases 12 12
Other current liabilities 163 201
Total current liabilities 295 368
Long-term debt, net of current portion 17 109
Pension and other postretirement liabilities 376 378
Operating leases, net of current portion 49 48
Other long-term liabilities 206 231
Total liabilities 943 1,134
Commitments and Contingencies (Note 11)
Equity (Deficit)    
Common stock, $0.01 par value
Additional paid in capital 1,156 604
Treasury stock, at cost (9) (9)
Accumulated deficit (640) (79)
Accumulated other comprehensive loss (419) (417)
Total shareholders’ equity 88 99
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY 1,220 1,415
Convertible Series A Preferred Stock [Member]    
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY    
Redeemable, convertible Series A preferred stock, no par value, $100 per share liquidation preference $ 189 $ 182