Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 308	$ 680
Receivables, less allowances for discounts, returns and doubtful accounts of $30 and $33 in 2016 and 2015, respectively	843	749
Inventories	522	433
Prepaid and other current assets	166	143
Total current assets	1,839	2,005
Property, plant and equipment, net	616	439
Goodwill	2,632	1,584
Other intangible assets, net	1,201	435
Other non-current assets	186	194
Total assets	6,474	4,657
Current liabilities:
Accounts payable	457	338
Accrued and other current liabilities	521	407
Short-term borrowings and current maturities of long-term debt	260	78
Total current liabilities	1,238	823
Long-term debt, net	2,108	1,196
Accrued postretirement benefits	408	335
Deferred income tax liabilities	352	118
Other non-current accrued liabilities	161	101
Total liabilities	4,267	2,573
Commitment and Contingencies (Note 18)
Common stock — par value $0.01 per share:
Authorized 750.0 shares, issued 191.4 and 190.2 shares in 2016 and 2015, respectively	2	2
Capital in excess of par value	1,876	1,834
Retained earnings	1,033	885
Treasury stock – at cost 11.9 shares and 11.8 shares in 2016 and 2015, respectively	(403)	(399)
Accumulated other comprehensive loss	(318)	(238)
Total stockholders’ equity	2,190	2,084
Noncontrolling interest	17	0
Total equity	2,207	2,084
Total liabilities and stockholders’ equity	$ 6,474	$ 4,657