Restatement (Tables)

12 Months Ended

Dec. 31, 2015

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The tables below present the impact of the restatement on the Company's financial statement line items:

Impacted Consolidated Balance Sheet Accounts (dollars in millions)

	As of December 31, 2015
	As Previously Reported			Restatement Adjustments			As Restated
Accounts receivable, net	$	674		$	(3	)	$	671
Inventories, net	394			3			397
Prepaid expenses and other current assets	68			2			70
Total Current assets	1,332			2			1,334
Goodwill	2,493			(3		)	2,490
Long-term deferred income taxes	52			18			70
Other long-term assets	92			(1		)	91
Total Assets	5,024			16			5,040
Accrued liabilities	358			9			367
Deferred revenue	198			(1		)	197
Income tax payable	31			11			42
Total Current liabilities	876			19			895
Other long-term liabilities	98			17			115
Total liabilities	4,111			36			4,147
Retained earnings	1,398			(21		)	1,377
Accumulated other comprehensive loss	(49		)	1			(48		)
Total Stockholders' Equity	913			(20		)	893
Total Liabilities and Stockholders' Equity	5,024			16			5,040

Consolidated Statement of Cash Flows (dollars in millions)

	For the year ended December 31, 2015
	As Previously Reported			Restatement Adjustments			As Restated
Net loss	$	(137	)	$	(21	)	$	(158	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Deferred income taxes	(124		)	(18		)	(142		)
Changes in assets and liabilities, net of business acquired:
Accounts receivable	(6		)	8			2
Inventories	(10		)	(3		)	(13		)
Other assets	(6		)	(1		)	(7		)
Accrued liabilities	(13		)	8			(5		)
Deferred revenue	17			(1		)	16
Income taxes	38			9			47
Other operating activities	8			18			26
Net cash provided by operating activities	111			(1		)	110
Effect of foreign exchange rate changes on cash	(16		)	1			(15		)

Consolidated Statement of Operations Accounts (dollars in millions, except per share data)

	For the year ended December 31, 2015
	As Previously Reported			Restatement Adjustments			As Restated
Net sales of tangible products	$	3,133		$	(2	)	$	3,131
Cost of sales of tangible products	1,631			(2		)	1,629
Selling and marketing	486			8			494
General and administrative	277			6			283
Acquisition and integration costs	144			1			145
Exit and restructuring costs	39			1			40
Operating income	53			(16		)	37
Foreign exchange loss	(22		)	(1		)	(23		)
Interest expense, net	(194		)	1			(193		)
Loss before income taxes	(164		)	(16		)	(180		)
Income tax (benefit) expense	(27		)	5			(22		)
Net loss	(137		)	(21		)	(158		)
Basic loss per share	$	(2.69	)	$	(0.41	)	$	(3.10	)
Diluted loss per share	$	(2.69	)	$	(0.41	)	$	(3.10	)