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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 64 $ 62
Accounts receivable, net of allowances for doubtful accounts of $2 million and $3 million as of March 31, 2018 and December 31, 2017, respectively 471 479
Inventories, net 448 458
Income tax receivable 31 40
Prepaid expenses and other current assets 39 24
Total Current assets 1,053 1,063
Property, plant and equipment, net 262 264
Goodwill 2,463 2,465
Other intangibles, net 276 299
Long-term deferred income taxes 115 119
Other long-term assets 80 65
Total Assets 4,249 4,275
Current liabilities:    
Current portion of long-term debt 43 51
Accounts payable 411 424
Accrued liabilities 221 296
Deferred revenue 201 186
Income taxes payable 56 43
Total Current liabilities 932 1,000
Long-term debt 2,090 2,176
Long-term deferred revenue 144 148
Other long-term liabilities 102 117
Total Liabilities 3,268 3,441
Stockholders’ Equity:    
Preferred stock, $.01 par value; authorized 10,000,000 shares; none issued 0 0
Class A common stock, $.01 par value; authorized 150,000,000 shares; issued 72,151,857 shares 1 1
Additional paid-in capital 266 257
Treasury stock at cost, 18,755,228 and 18,915,762 shares at March 31, 2018 and December 31, 2017, respectively (616) (620)
Retained earnings 1,376 1,248
Accumulated other comprehensive loss (46) (52)
Total Stockholders’ Equity 981 834
Total Liabilities and Stockholders’ Equity $ 4,249 $ 4,275