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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Schedule of inventories

Inventories consisted of the following:

	December 31,
(in millions)	2018				2017
Finished goods	$	186			$	172
Raw materials	105				98
In-process inventories	12				22
Parts and supplies	77				77
Total Inventories	$	380			$	369

Schedule of lives used in computing depreciation for depreciable assets and components of property, plant and equipment

The lives used in computing depreciation for significant asset classes are as follows:

Asset	Range of Useful Lives, in Years
Land improvements	15 to 30
Buildings	20 to 30
Machinery and equipment	5 to 30
Other	5 to 30

Property, plant and equipment consisted of the following:

	December 31,
(in millions)	2018				2017
Land and improvements	$	43			$	47
Buildings	82				83
Machinery and equipment	3,754				3,734
Other	203				155
	4,082				4,019
Less: Accumulated depreciation	1,637				1,431
Total Property, plant and equipment, net	$	2,445			$	2,588

Effect of the change to Condensed Consolidated Balance Sheet

The following table displays the effect of the changes to the Consolidated Balance Sheet as of December 31, 2018 for the adoption of ASC 606. The Company’s Consolidated Statement of Cash Flows was not impacted due to the adoption of ASC 606 for the period ended December 31, 2018.

(in millions)	December 31, 2018
	As Reported				Balances without adoption of ASC 606				Effect of change
Assets
Accounts Receivable	$	169			$	124			$	45
Liabilities
Deferred Revenue (1)	$	69			$	24			$	45

_____________________________

(1) Deferred Revenues are recorded within the Other Current Liabilities financial statement line item.

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