| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | |
|---|---|---|---|---|---|---|
ASSETS | ||||||
Current assets: | ||||||
Cash and cash equivalents | ||||||
205 | 130 | 68 | 55 | 73 | 23 | |
Accounts receivable, net of allowance of $8 and $8 | ||||||
525 | 426 | 466 | 458 | 461 | 431 | |
Inventories, net | ||||||
572 | 636 | 598 | 556 | 594 | 564 | |
Other receivables | ||||||
70 | 67 | 77 | 61 | 59 | 49 | |
Prepaid expenses and other | ||||||
40 | 30 | 35 | 42 | 32 | 19 | |
Assets held for sale (Note 3) | ||||||
48 | 51 | - | - | - | 0 | |
Total current assets | ||||||
1,460 | 1,340 | 1,244 | 1,172 | 1,219 | 1,086 | |
Non-current assets: | ||||||
Property and equipment, net of accumulated depreciation of $89 and $84 | ||||||
94 | 93 | 104 | 100 | 94 | 69 | |
Operating lease right-of-use assets, net (Note 5) | ||||||
123 | 84 | 75 | 60 | 62 | - | |
Goodwill | ||||||
1,154 | 1,154 | 1,156 | 2,102 | 2,105 | 750 | |
Other intangibles, net (Note 6) | ||||||
605 | 643 | 679 | 717 | 728 | 208 | |
Investments and other | ||||||
51 | 47 | 70 | 39 | 61 | 120 | |
Total assets | ||||||
3,487 | 3,361 | 3,328 | 4,190 | 4,269 | 2,233 | |
LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS, AND SHAREHOLDERS' EQUITY | ||||||
Current liabilities: | ||||||
Accounts payable | ||||||
466 | 520 | 483 | 425 | 431 | 440 | |
Current maturities of long-term debt and other borrowings (Note 8) | ||||||
61 | 62 | 47 | 32 | 36 | 1 | |
Accrued payroll and related liabilities | ||||||
45 | 44 | 51 | 41 | 40 | 37 | |
Accrued taxes | ||||||
28 | 18 | 26 | 38 | 19 | 17 | |
Other current liabilities | ||||||
180 | 164 | 144 | 138 | 144 | 77 | |
Liabilities held for sale (Note 3) | ||||||
20 | 21 | - | - | - | 0 | |
Total current liabilities | ||||||
800 | 829 | 751 | 674 | 670 | 572 | |
Non-current liabilities: | ||||||
Long-term debt and other borrowings, net (Note 8) | ||||||
1,298 | 1,125 | 1,141 | 1,154 | 1,167 | 24 | |
Deferred taxes | ||||||
46 | 47 | 11 | 28 | 51 | 16 | |
Other liabilities | ||||||
132 | 94 | 86 | 74 | 70 | 35 | |
Total liabilities | ||||||
2,276 | 2,095 | 1,989 | 1,930 | 1,958 | 647 | |
Redeemable non-controlling interests (Note 11) | ||||||
9 | 10 | 10 | 13 | 17 | 92 | |
Shareholders' equity: | ||||||
Common stock, $0.01 par value per share, 675,000,000 shares authorized; 111,854,439 shares issued and outstanding as of March 31, 2020; 111,620,507 shares issued and outstanding as of December 31, 2019 | ||||||
1 | 1 | 1 | 1 | 1 | 0 | |
Net former parent investment | ||||||
- | - | 0 | 0 | 0 | 1,576 | |
Accumulated other comprehensive loss (Note 12) | ||||||
-116 | -86 | -102 | -78 | -82 | -82 | |
Additional paid-in capital | ||||||
2,390 | 2,381 | 2,369 | 2,357 | 2,396 | 0 | |
Accumulated deficit | ||||||
-1,073 | -1,040 | -939 | -33 | -21 | 0 | |
Total shareholders’ equity | ||||||
1,202 | 1,256 | 1,329 | 2,247 | 2,294 | 1,494 | |
Total liabilities, redeemable non-controlling interests, and shareholders’ equity | ||||||
3,487 | 3,361 | 3,328 | 4,190 | 4,269 | 2,233 | |