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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 332 $ 168
Accounts receivable, net of allowances for doubtful accounts of $1 million each as of December 31, 2021 and 2020 752 508
Inventories, net 491 511
Income tax receivable 8 16
Prepaid expenses and other current assets 106 70
Total Current assets 1,689 1,273
Property, plant and equipment, net 272 274
Right-of-use lease assets 131 135
Goodwill 3,265 2,988
Other intangibles, net 469 402
Deferred income taxes 192 139
Other long-term assets 197 164
Total Assets 6,215 5,375
Current liabilities:    
Current portion of long-term debt 69 364
Accounts payable 700 601
Accrued liabilities 639 559
Deferred revenue 380 308
Income taxes payable 12 19
Total Current liabilities 1,800 1,851
Long-term debt 922 881
Long-term lease liabilities 121 129
Deferred income taxes 6 0
Long-term deferred revenue 315 273
Other long-term liabilities 67 97
Total Liabilities 3,231 3,231
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 462 395
Treasury stock at cost, 18,736,582 and 18,689,775 shares as of December 31, 2021 and 2020, respectively (1,023) (919)
Retained earnings 3,573 2,736
Accumulated other comprehensive loss (29) (69)
Total Stockholders’ Equity 2,984 2,144
Total Liabilities and Stockholders’ Equity $ 6,215 $ 5,375