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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Jun. 30, 2022
Dec. 31, 2021
Current assets:      
Cash and cash equivalents $ 267   $ 313
Receivables, net 406   304
Inventories, net 361   250
Prepaid and other current assets 20   16
Total current assets 1,054   883
Property, plant and equipment, net 109   111
Goodwill 79   67
Intangibles, net 13   9
Other assets 27   34
Total assets 1,282   1,104
Current liabilities:      
Accounts payable 339   235
Accrued liabilities 111   112
Other current liabilities 8   22
Total current liabilities 458   369
Long-term operating lease liabilities 11   17
Other long-term liabilities 7   6
Total liabilities 476   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; 110,635,461 and 110,558,831 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 1   1
Additional paid-in capital 2,065   2,060
Accumulated deficit (1,107)   (1,203)
Accumulated other comprehensive loss (155)   (147)
NOW Inc stockholders' equity 804   711
Noncontrolling interest 2   1
Total stockholders' equity 806 $ 777 712
Total liabilities and stockholders' equity $ 1,282   $ 1,104