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Consolidated Statement of Financial Position (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 380 $ 196
Trade receivables, net of allowances of $8 and $10, respectively 167 177
Inventories, net 240 206
Other current assets 47 46
Current assets held for sale 2 2
Total current assets 836 627
Property, plant and equipment, net of accumulated depreciation of $440 and $430, respectively 140 152
Goodwill 12 12
Intangible assets, net 35 39
Operating lease right-of-use assets 46 48
Restricted cash 64 53
Other long-term assets 402 317
TOTAL ASSETS 1,535 1,248
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY    
Accounts payable, trade 151 118
Short-term borrowings and current portion of long-term debt 2 2
Current portion of operating leases 18 12
Other current liabilities 141 164
Total current liabilities 312 296
Long-term debt, net of current portion 250 17
Pension and other postretirement liabilities 384 406
Operating leases, net of current portion 40 49
Other long-term liabilities 210 212
Total liabilities 1,196 980
Commitments and Contingencies (Note 8)
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference 195 191
Equity    
Common stock, $0.01 par value
Additional paid in capital 1,166 1,152
Treasury stock, at cost (10) (9)
Accumulated deficit (590) (620)
Accumulated other comprehensive loss (422) (446)
Total shareholders’ equity 144 77
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY 1,535 1,248
Convertible Preferred Stock [Member]    
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY    
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference $ 195 $ 191