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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets [Abstract]    
Cash and cash equivalents $ 603 $ 707
Marketable securities 40 30
Accounts receivable [Abstract]    
Trade, less allowance for doubtful accounts of $8 in 2017 and $6 in 2016 994 721
Other 172 110
Inventories 969 638
Other current assets 97 78
Current assets of disposal group held for sale 7  
Total current assets 2,882 2,284
Goodwill 127 90
Intangibles 174 109
Deferred tax assets 420 588
Other noncurrent assets 71 226
Investments in affiliates 163 150
Property, plant and equipment, net 1,807 1,413
Total assets 5,644 4,860
Current liabilities    
Notes payable, including current portion of long-term debt 40 69
Accounts payable 1,165 819
Accrued payroll and employee benefits 219 149
Taxes on income 53 15
Other accrued liabilities 220 201
Current liabilities of disposal group held for sale 5  
Total current liabilities 1,702 1,253
Long-term debt, less debt issuance costs of $22 in 2017 and $21 in 2016 1,759 1,595
Pension and postretirement obligations 607 565
Other noncurrent liabilities 413 205
Noncurrent liabilities of disposal group held for sale 2  
Total liabilities 4,483 3,618
Commitments and contingencies (Note 16)
Redeemable noncontrolling interests 47
Parent company stockholders' equity    
Preferred stock, 50,000,000 shares authorized, $0.01 par value, no shares outstanding 0 0
Common stock, 450,000,000 shares authorized, $0.01 par value, 144,984,050 and 143,938,280 shares outstanding 2 2
Additional paid-in capital 2,354 2,327
Retained earnings 86 195
Treasury stock, at cost (7,001,017 and 6,812,784 shares) (87) (83)
Accumulated other comprehensive loss (1,342) (1,284)
Total parent company stockholders' equity 1,013 1,157
Noncontrolling interests 101 85
Total equity 1,114 1,242
Total liabilities and equity $ 5,644 $ 4,860