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Consolidated Statement of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 401 $ 196
Trade receivables, net of allowances of $9 and $10, respectively 165 177
Inventories, net 224 206
Other current assets 42 46
Current assets held for sale 2 2
Total current assets 834 627
Property, plant and equipment, net of accumulated depreciation of $431 and $430, respectively 143 152
Goodwill 12 12
Intangible assets, net 38 39
Operating lease right-of-use assets 47 48
Restricted cash 69 53
Other long-term assets 346 317
TOTAL ASSETS 1,489 1,248
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY    
Accounts payable, trade 141 118
Short-term borrowings and current portion of long-term debt 2 2
Current portion of operating leases 18 12
Other current liabilities 134 164
Total current liabilities 295 296
Long-term debt, net of current portion 246 17
Pension and other postretirement liabilities 389 406
Operating leases, net of current portion 41 49
Other long-term liabilities 222 212
Total liabilities 1,193 980
Commitments and Contingencies (Note 8)
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference 192 191
Equity    
Common stock, $0.01 par value
Additional paid in capital 1,169 1,152
Treasury stock, at cost (10) (9)
Accumulated deficit (614) (620)
Accumulated other comprehensive loss (441) (446)
Total shareholders’ equity 104 77
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY 1,489 1,248
Convertible Preferred Stock [Member]    
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY    
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference $ 192 $ 191