Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and equivalents	$ 300	$ 194
Accounts receivable, net	1,238	1,374
Inventories, net (Note 9)	1,321	1,342
Prepaid expenses and other current assets	186	188
Total current assets	3,045	3,098
Property, plant and equipment, net (Note 10)	2,334	2,353
Goodwill and other indefinite-lived intangible assets (Note 11)	901	903
Definite-lived intangible assets, net (Note 11)	343	404
Investments in nonconsolidated affiliates (Note 12)	270	296
Other noncurrent assets	183	174
TOTAL ASSETS	7,076	7,228
Current liabilities:
Short-term debt, including current portion of long-term debt (Note 13)	142	138
Accounts payable	885	901
Accrued liabilities (Note 14)	554	582
Current portion of pensions and other postretirement benefits liability (Note 15)	37	40
Other current liabilities	156	159
Total current liabilities	1,774	1,820
Long-term debt (Note 13)	2,883	2,914
Pensions and other postretirement benefits liability (Note 15)	1,076	1,123
Long-term portion of deferred income taxes (Note 16)	366	367
Other accrued liabilities	97	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 December 31, 2016 and 2015.	2	2
Additional paid-in capital	2,899	2,899
Accumulated deficit	(714)	(796)
Accumulated other comprehensive loss	(1,432)	(1,318)
Treasury stock, at cost	(17)	(17)
Total Federal-Mogul shareholders’ equity	738	770
Noncontrolling interests	142	132
Total shareholders’ equity	880	902
Liabilities and shareholders' equity	$ 7,076	$ 7,228