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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 248 $ 129 $ 5
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 26 19 23
Provision for inventory 9 6 9
Impairment and other charges 0 10 7
Stock-based compensation 15 11 8
Deferred income taxes (119) 1 0
Other, net 18 4 11
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:      
Receivables 16 (95) (97)
Inventories 12 (138) 3
Prepaid and other current assets 7 (10) (3)
Accounts payable, accrued liabilities and other, net (44) 63 64
Net cash provided by (used in) operating activities 188 0 30
Cash flows from investing activities:      
Business acquisitions, net of cash acquired (32) (80) (96)
Purchases of property, plant and equipment (17) (9) (5)
Other, net 1 2 5
Net cash provided by (used in) investing activities (48) (87) (96)
Cash flows from financing activities:      
Repurchases of common stock (50) (7) 0
Payments relating to finance leases and other, net (5) (3) (6)
Net cash provided by (used in) financing activities (55) (10) (6)
Effect of exchange rates on cash and cash equivalents 2 (4) (2)
Net change in cash and cash equivalents 87 (101) (74)
Cash and cash equivalents, beginning of period 212 313 387
Cash and cash equivalents, end of period 299 212 313
Supplemental disclosures of cash flow information:      
Income taxes paid, net 10 11 0
Non-cash investing and financing activities:      
Accrued purchases of property, plant and equipment $ 1 $ 1 $ 0