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Consolidated Statement of Financial Position - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 196 $ 233
Trade receivables, net of allowances of $10 and $8 177 208
Inventories, net 206 215
Restricted cash - current portion 7 12
Other current assets 39 36
Current assets held for sale 2 2
Total current assets 627 706
Property, plant and equipment, net [1] 152 181
Goodwill 12 12
Intangible assets, net 39 47
Operating lease right-of-use assets 48 49
Restricted cash 53 45
Deferred income taxes   147
Other long-term assets 317 228
TOTAL ASSETS 1,248 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 164 201
Total current liabilities 296 368
Long-term debt, net of current portion 17 109
Pension and other postretirement liabilities 406 378
Operating leases, net of current portion 49 48
Other long-term liabilities 212 231
Total liabilities 980 1,134
Commitments and contingencies (Note 12)
Equity    
Common stock, $0.01 par value
Additional paid in capital 1,152 604
Treasury stock, at cost (9) (9)
Accumulated deficit (620) (79)
Accumulated other comprehensive loss (446) (417)
Total equity 77 99
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY 1,248 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 $ 191 $ 182
[1] Long-lived assets are comprised of property, plant and equipment, net.