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Consolidated Statement of Financial Position (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 395 $ 196
Trade receivables, net of allowances of $9 and $10, respectively 174 177
Inventories, net 234 206
Other current assets 43 46
Current assets held for sale 2 2
Total current assets 848 627
Property, plant and equipment, net of accumulated depreciation of $438 and $430, respectively 148 152
Goodwill 12 12
Intangible assets, net 36 39
Operating lease right-of-use assets 49 48
Restricted cash 66 53
Other long-term assets 375 317
TOTAL ASSETS 1,534 1,248
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY    
Accounts payable, trade 145 118
Short-term borrowings and current portion of long-term debt 2 2
Current portion of operating leases 18 12
Other current liabilities 144 164
Total current liabilities 309 296
Long-term debt, net of current portion 249 17
Pension and other postretirement liabilities 391 406
Operating leases, net of current portion 43 49
Other long-term liabilities 219 212
Total liabilities 1,211 980
Commitments and Contingencies (Note 8)
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference 193 191
Equity    
Common stock, $0.01 par value
Additional paid in capital 1,167 1,152
Treasury stock, at cost (10) (9)
Accumulated deficit (598) (620)
Accumulated other comprehensive loss (429) (446)
Total shareholders’ equity 130 77
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY 1,534 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 $ 193 $ 191