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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 30 $ 44
Accounts receivable, net of allowances for doubtful accounts of $2 million and $3 million as of December 31, 2019 and 2018, respectively 613 520
Inventories, net 474 520
Income tax receivable 32 24
Prepaid expenses and other current assets 46 54
Total Current assets 1,195 1,162
Property, plant and equipment, net 259 249
Right-of-use lease asset 107  
Goodwill 2,622 2,495
Other intangibles, net 275 232
Deferred income taxes 127 114
Other long-term assets 126 87
Total Assets 4,711 4,339
Current liabilities:    
Current portion of long-term debt 197 157
Accounts payable 552 552
Accrued liabilities 379 322
Deferred revenue 238 210
Income taxes payable 38 60
Total Current liabilities 1,404 1,301
Long-term debt 1,080 1,434
Long-term lease liabilities 100  
Deferred income taxes 0 8
Long-term deferred revenue 221 172
Other long-term liabilities 67 89
Total Liabilities 2,872 3,004
Stockholders’ Equity:    
Preferred stock, $.01 par value; authorized 10,000,000 shares; none issued 0 0
Class A common stock, $.01 par value; authorized 150,000,0000 shares; issued 72,151,857 shares 1 1
Additional paid-in capital 339 294
Treasury stock at cost, 18,148,925 and 18,280,673 shares as of December 31, 2019 and 2018, respectively (689) (613)
Retained earnings 2,232 1,688
Accumulated other comprehensive loss (44) (35)
Total Stockholders’ Equity 1,839 1,335
Total Liabilities and Stockholders’ Equity $ 4,711 $ 4,339