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Consolidated Balance Sheet (USD $)
In Millions, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets    
Cash and cash equivalents $ 931 $ 1,090
Marketable securities 56 54
Accounts receivable    
Trade, less allowance for doubtful accounts of $8 in 2011 and $11 in 2010 979 816
Other 193 184
Inventories 784 708
Other current assets 106 81
Total current assets 3,049 2,933
Goodwill 100 104
Intangibles 400 352
Other noncurrent assets 273 238
Investments in affiliates 198 123
Property, plant and equipment, net 1,285 1,351
Total assets 5,305 5,101
Current liabilities    
Notes payable, including current portion of long-term debt 71 167
Accounts payable 942 779
Accrued payroll and employee benefits 150 144
Accrued restructuring costs 33 28
Taxes on income 46 38
Other accrued liabilities 251 251
Total current liabilities 1,493 1,407
Long-term debt 831 780
Pension and postretirement obligations 762 740
Other noncurrent liabilities 381 388
Total liabilities 3,467 3,315
Commitments and contingencies (Note 14)      
Parent company stockholders' equity    
Common stock, $0.01 par value, 450,000,000 shares authorized, 147,319,438 and 144,126,032 outstanding 1 1
Additional paid-in capital 2,643 2,613
Accumulated deficit (1,001) (1,189)
Treasury stock, at cost (645,734 and 379,631 shares) (9) (4)
Accumulated other comprehensive loss (650) (496)
Total parent company stockholders' equity 1,737 1,687
Noncontrolling equity 101 99
Total equity 1,838 1,786
Total liabilities and equity 5,305 5,101
Series A Preferred Stock
   
Parent company stockholders' equity    
Preferred stock 242 242
Series B Preferred stock
   
Parent company stockholders' equity    
Preferred stock $ 511 $ 520