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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 46 $ 62
Accounts receivable, net of allowances for doubtful accounts of $2 million and $3 million as of June 30, 2018 and December 31, 2017, respectively 502 479
Inventories, net 465 458
Income tax receivable 44 40
Prepaid expenses and other current assets 52 24
Total Current assets 1,109 1,063
Property, plant and equipment, net 254 264
Goodwill 2,462 2,465
Other intangibles, net 252 299
Long-term deferred income taxes 104 119
Other long-term assets 94 65
Total Assets 4,275 4,275
Current liabilities:    
Current portion of long-term debt 85 51
Accounts payable 442 424
Accrued liabilities 238 296
Deferred revenue 198 186
Income taxes payable 51 43
Total Current liabilities 1,014 1,000
Long-term debt 1,914 2,176
Long-term deferred revenue 150 148
Other long-term liabilities 124 117
Total Liabilities 3,202 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 273 257
Treasury stock at cost, 18,459,879 and 18,915,762 shares at June 30, 2018 and December 31, 2017, respectively (617) (620)
Retained earnings 1,446 1,248
Accumulated other comprehensive loss (30) (52)
Total Stockholders’ Equity 1,073 834
Total Liabilities and Stockholders’ Equity $ 4,275 $ 4,275