Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 131	$ 90
Receivables, net	413	485
Inventories, net	633	693
Prepaid and other current assets	24	24
Total current assets	1,201	1,292
Property, plant and equipment, net	159	165
Deferred income taxes	5	4
Goodwill	210	205
Intangibles, net	156	161
Other assets	7	5
Total assets	1,738	1,832
Current liabilities:
Accounts payable	208	211
Accrued liabilities	94	94
Other current liabilities		2
Total current liabilities	302	307
Long-term debt	55	108
Deferred income taxes	10	11
Other long-term liabilities	3	3
Total liabilities	$ 370	$ 429
Commitments and contingencies
Stockholders' equity:
Preferred stock—par value $0.01; 20 million shares authorized; no shares issued and outstanding
Common stock - par value $0.01; 330 million shares authorized; 107,426,047 and 107,219,138 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	$ 1	$ 1
Additional paid-in capital	1,985	1,980
Accumulated deficit	(507)	(444)
Accumulated other comprehensive loss	(111)	(134)
Total stockholders' equity	1,368	1,403
Total liabilities and stockholders' equity	$ 1,738	$ 1,832

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).