Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and equivalents	$ 194	$ 332
Accounts receivable, net	1,374	1,419
Inventories, net (Note 9)	1,342	1,215
Prepaid expenses and other current assets	188	225
Total current assets	3,098	3,191
Property, plant and equipment, net (Note 10)	2,353	2,160
Goodwill and other indefinite-lived intangible assets (Note 11)	903	928
Definite-lived intangible assets, net (Note 11)	404	354
Investments in nonconsolidated affiliates (Note 12)	296	269
Other noncurrent assets	184	165
Total assets	7,238	7,067
Current liabilities:
Short-term debt, including current portion of long-term debt (Note 14)	138	127
Accounts payable	901	926
Accrued liabilities (Note 13)	582	546
Current portion of pensions and other postemployment benefits liability (Note 15)	40	46
Other current liabilities	159	186
Total current liabilities	1,820	1,831
Long-term debt (Note 14)	2,924	2,563
Pensions and other postemployment benefits liability (Note 15)	1,123	1,282
Long-term portion of deferred income taxes (Note 16)	367	389
Other accrued liabilities	102	93
Shareholders’ equity:
Preferred stock ($0.01 par value; 90,000,000 authorized shares; none issued)	0	0
Common stock ($0.01 par value; 450,100,000 authorized shares; 170,636,151 issued shares and 169,040,651 outstanding shares as of December 31, 2015; 151,624,744 issued shares and 150,029,244 outstanding shares as of December 31, 2014)	2	2
Additional paid-in capital, including warrants	2,899	2,649
Accumulated deficit	(796)	(686)
Accumulated other comprehensive loss (Note 18)	(1,318)	(1,142)
Treasury stock, at cost	(17)	(17)
Total Federal-Mogul shareholders’ equity	770	806
Noncontrolling interests	132	103
Total shareholders’ equity	902	909
Liabilities and shareholders' equity	$ 7,238	$ 7,067