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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 293 $ 313
Receivables, net 341 304
Inventories, net 296 250
Prepaid and other current assets 16 16
Total current assets 946 883
Property, plant and equipment, net 106 111
Deferred income taxes 1 0
Goodwill 67 67
Intangibles, net 8 9
Other assets 34 34
Total assets 1,162 1,104
Current liabilities:    
Accounts payable 279 235
Accrued liabilities 109 112
Other current liabilities 7 22
Total current liabilities 395 369
Long-term operating lease liabilities 15 17
Deferred income taxes 1 0
Other long-term liabilities 5 6
Total liabilities 416 392
Commitments and contingencies
Stockholders' equity:    
Preferred stock - par value $0.01; 20 million shares authorized; no shares issued and outstanding 0 0
Common stock - par value $0.01; 330 million shares authorized; 110,669,457 and 110,558,831 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 1 1
Additional paid-in capital 2,063 2,061
Accumulated deficit (1,173) (1,203)
Accumulated other comprehensive loss (145) (147)
Total stockholders' equity 746 712
Total liabilities and stockholders' equity $ 1,162 $ 1,104