Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 290	$ 194
Accounts receivable, net	1,351	1,374
Inventories, net (Note 9)	1,348	1,342
Prepaid expenses and other current assets	216	188
Total current assets	3,205	3,098
Property, plant and equipment, net	2,387	2,353
Goodwill and other indefinite-lived intangible assets (Note 10)	907	903
Definite-lived intangible assets, net (Note 10)	374	404
Investments in nonconsolidated affiliates (Note 11)	266	296
Other noncurrent assets	160	174
Total assets	7,299	7,228
Current liabilities:
Short-term debt, including current portion of long-term debt (Note 12)	144	138
Accounts payable	915	901
Accrued liabilities	576	582
Current portion of pensions and other postemployment benefits liability	41	40
Other current liabilities	142	159
Total current liabilities	1,818	1,820
Long-term debt (Note 12)	2,949	2,914
Pensions and other postemployment benefits liability	1,110	1,123
Long-term portion of deferred income taxes	367	367
Other accrued liabilities	91	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 June 30, 2016 and December 31, 2015)	2	2
Additional paid-in capital	2,899	2,899
Accumulated deficit	(730)	(796)
Accumulated other comprehensive loss	(1,329)	(1,318)
Treasury stock, at cost	(17)	(17)
Total Federal-Mogul shareholders’ equity	825	770
Noncontrolling interests	139	132
Total shareholders’ equity	964	902
Total liabilities and shareholders' equity	$ 7,299	$ 7,228