Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 724	$ 296
Receivables, less allowances for discounts, returns and doubtful accounts of $35 and $35 in 2019 and 2018, respectively	1,036	1,031
Inventories	539	595
Prepaid and other current assets	151	172
Total current assets	2,450	2,094
Property, plant and equipment, net	658	656
Goodwill	2,839	2,976
Other intangible assets, net	1,174	1,232
Other non-current assets	589	264
Total assets	7,710	7,222
Current liabilities:
Accounts payable	597	586
Accrued and other current liabilities	628	546
Short-term borrowings and current maturities of long-term debt	276	257
Total current liabilities	1,501	1,389
Long-term debt, net	2,040	2,051
Accrued postretirement benefits	445	400
Deferred income tax liabilities	310	303
Other non-current accrued liabilities	447	297
Total liabilities	4,743	4,440
Commitment and Contingencies (Note 20)
Common stock — par value $0.01 per share:
Authorized 750.0 shares, issued 193.9 and 192.9 shares in 2019 and 2018, respectively	2	2
Capital in excess of par value	1,991	1,950
Retained earnings	1,866	1,639
Treasury stock – at cost 13.7 shares and 13.2 shares in 2019 and 2018, respectively	(527)	(487)
Accumulated other comprehensive loss	(375)	(336)
Total stockholders’ equity	2,957	2,768
Non-controlling interest	10	14
Total equity	2,967	2,782
Total liabilities and stockholders’ equity	$ 7,710	$ 7,222