Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 252	$ 194
Accounts receivable, net	1,469	1,374
Inventories, net (Note 9)	1,353	1,342
Prepaid expenses and other current assets	210	188
Total current assets	3,284	3,098
Property, plant and equipment, net	2,400	2,353
Goodwill and other indefinite-lived intangible assets (Note 10)	913	903
Definite-lived intangible assets, net	391	404
Investments in nonconsolidated affiliates (Note 11)	313	296
Other noncurrent assets	176	174
Total assets	7,477	7,228
Current liabilities:
Short-term debt, including current portion of long-term debt (Note 12)	157	138
Accounts payable	945	901
Accrued liabilities	654	582
Current portion of pensions and other postemployment benefits liability	41	40
Other current liabilities	148	159
Total current liabilities	1,945	1,820
Long-term debt (Note 12)	2,958	2,914
Pensions and other postemployment benefits liability	1,128	1,123
Long-term portion of deferred income taxes	372	367
Other accrued liabilities	90	102
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 March 31, 2016 and December 31, 2015)	2	2
Additional paid-in capital	2,899	2,899
Accumulated deficit	(761)	(796)
Accumulated other comprehensive loss	(1,275)	(1,318)
Treasury stock, at cost	(17)	(17)
Total Federal-Mogul shareholders’ equity	848	770
Noncontrolling interests	136	132
Total shareholders’ equity	984	902
Total liabilities and shareholders' equity	$ 7,477	$ 7,228