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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 203 $ 212
Receivables, net 417 398
Inventories, net 424 381
Prepaid and other current assets 31 26
Total current assets 1,075 1,017
Property, plant and equipment, net 130 119
Goodwill 141 116
Intangibles, net 31 25
Other assets 43 43
Total assets 1,420 1,320
Current liabilities:    
Accounts payable 364 304
Accrued liabilities 129 126
Other current liabilities 8 9
Total current liabilities 501 439
Long-term operating lease liabilities 26 25
Deferred income taxes 1 1
Other long-term liabilities 15 11
Total liabilities 543 476
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; 106,716,052 and 110,369,266 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 1 1
Additional paid-in capital 2,029 2,066
Accumulated deficit (1,010) (1,075)
Accumulated other comprehensive loss (146) (150)
NOW Inc. stockholders' equity 874 842
Noncontrolling interest 3 2
Total stockholders' equity 877 844
Total liabilities and stockholders' equity $ 1,420 $ 1,320