v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 180 $ 127
Accounts receivable - net of allowances for doubtful accounts of $5 and $3, respectively 374 301
Inventories 223 204
Other current assets 61 39
Total Current Assets 838 671
Property, plant and equipment, net 711 706
Intangible assets, net 889 917
Goodwill 2,074 2,064
Marketable securities 22 46
Other non-current assets 59 53
TOTAL ASSETS 4,593 4,457
Current Liabilities    
Accounts payable 227 179
Product warranty liability 26 33
Current portion of long-term debt 6 6
Deferred revenue 39 37
Other current liabilities 189 204
Total Current Liabilities 487 459
Product warranty liability 20 20
Deferred revenue 95 99
Long-term debt 2,502 2,504
Deferred income taxes 525 514
Other non-current liabilities 202 227
TOTAL LIABILITIES 3,831 3,823
Commitments and contingencies (see NOTE P)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding 0 0
Paid in capital 1,843 1,832
Accumulated deficit (1,021) (1,126)
Accumulated other comprehensive loss, net of tax (61) (73)
TOTAL STOCKHOLDERS’ EQUITY 762 634
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY 4,593 4,457
Voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 1 1
Non-voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0