NOTE 11 – Supplementary Information

Consolidated Balance Sheets


(in millions)	2017		2016
Accounts receivable, net:
Accounts receivable — trade	$	760	$	751
Accounts receivable — other		209		178
Allowance for doubtful accounts		(8)		(6)
Total accounts receivable, net		961		923
Inventories:
Finished and in process		495		478
Raw materials		278		260
Manufacturing supplies		50		51
Total inventories		823		789
Accrued liabilities:
Compensation-related costs		101		107
Income taxes payable		22		40
Unrecognized tax benefits		—		72
Dividends payable		44		36
Accrued interest		15		19
Taxes payable other than income taxes		37		36
Other		125		122
Total accrued liabilities		344		432
Non-current liabilities:
Employees’ pension, indemnity, and postretirement		121		109
Other		106		49
Total non-current liabilities	$	227	$	158

Consolidated Statements of Income


(in millions)	2017		2016		2015
Other income, net:
Insurance settlement	$	9	$	—	$	—
Value-added tax recovery		6		5		4
Gain from sale of plant		—		—		10
Legal settlement		—		—		(7)
Income tax indemnification expense (a)		—		—		(4)
Other		3		(1)		(2)
Other income, net	$	18	$	4	$	1

(a)

Amount fully offset by $4 million of benefit recorded in the income tax provision for 2015.


(in millions)	2017		2016		2015
Financing costs, net:
Interest expense, net of amounts capitalized (a)	$	79	$	73	$	69
Interest income		(11)		(10)		(14)
Foreign currency transaction losses		5		3		6
Financing costs, net	$	73	$	66	$	61

(a)

Interest capitalized amounted to $4 million, $4 million, and $2 million in 2017, 2016 and 2015, respectively.

Consolidated Statements of Cash Flow


(in millions)	2017		2016		2015
Other non-cash charges to net income:
Share-based compensation expense	$	26	$	28	$	21
Other		13		16		18
Total other non-cash charges to net income	$	39	$	44	$	39