Financial Information for Subsidiary Guarantors and Non-Guarantors (Tables)

12 Months Ended

Dec. 31, 2012

Financial Information for Subsidiary Guarantors and Non-Guarantors

Balance Sheet

	December 31, 2012
Balance Sheet	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Current assets:
Accounts receivable	$	—	$	—	$	968	$	—		$	968
Inventories						1,139					1,139
Other current assets						541					541
Total current assets		—		—		2,648		—			2,648
Investments in and advances to subsidiaries		1,592		1,342				(2,934	)		—
Goodwill						2,079					2,079
Other non-current assets						1,102					1,102
Total other assets		1,592		1,342		3,181		(2,934	)		3,181
Property, plant and equipment, net						2,769					2,769
Total assets	$	1,592	$	1,342	$	8,598	$	(2,934	)	$	8,598
Current liabilities:
Accounts payable and accrued liabilities	$	—	$	—	$	1,688	$	—		$	1,688
Current portion of asbestos liability		155									155
Short-term loans and long-term debt due within one year						319					319
Total current liabilities		155		—		2,007		—			2,162
Long-term debt		250				3,454		(250	)		3,454
Asbestos-related liabilities		306									306
Other non-current liabilities						1,621					1,621
Total share owners' equity of the Company		881		1,342		1,342		(2,684	)		881
Noncontrolling interests						174					174
Total liabilities and share owners' equity	$	1,592	$	1,342	$	8,598	$	(2,934	)	$	8,598

	December 31, 2011
Balance Sheet	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Current assets:
Accounts receivable	$	—	$	—	$	1,158	$	—		$	1,158
Inventories						1,061					1,061
Other current assets						524					524
Total current assets		—		—		2,743		—			2,743
Investments in and advances to subsidiaries		1,609		1,359				(2,968	)		—
Goodwill						2,082					2,082
Other non-current assets						1,273					1,273
Total other assets		1,609		1,359		3,355		(2,968	)		3,355
Property, plant and equipment, net						2,877					2,877
Total assets	$	1,609	$	1,359	$	8,975	$	(2,968	)	$	8,975
Current liabilities:
Accounts payable and accrued liabilities	$	—	$	—	$	1,674	$	—		$	1,674
Current portion of asbestos liability		165									165
Short-term loans and long-term debt due within one year						406					406
Total current liabilities		165		—		2,080		—			2,245
Long-term debt		250				3,627		(250	)		3,627
Asbestos-related liabilities		306									306
Other non-current liabilities						1,756					1,756
Total share owners' equity of the Company		888		1,359		1,359		(2,718	)		888
Noncontrolling interests						153					153
Total liabilities and share owners' equity	$	1,609	$	1,359	$	8,975	$	(2,968	)	$	8,975

Results of Operations

	Year ended December 31, 2012
Results of Operations	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	—	$	7,000		$	—		$	7,000
Manufacturing, shipping and delivery							(5,626	)					(5,626	)
Gross profit		—			—		1,374			—			1,374
Research, engineering, selling, administrative, and other		(155	)				(752	)					(907	)
Interest expense		(20	)				(228	)					(248	)
Net intercompany interest		20					(20	)					—
Interest income							9						9
Equity earnings from subsidiaries		339			339					(678	)		—
Other equity earnings							64						64
Other revenue							36						36
Earnings before income taxes		184			339		483			(678	)		328
Provision for income taxes							(108	)					(108	)
Earnings (loss) from continuing operations		184			339		375			(678	)		220
Loss from discontinued operations							(2	)					(2	)
Net earnings (loss)		184			339		373			(678	)		218
Net earnings attributable to noncontrolling interests							(34	)					(34	)
Net earnings (loss) attributable to the Company	$	184		$	339	$	339		$	(678	)	$	184

	Year ended December 31, 2012
Comprehensive Income	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net earnings (loss)	$	184		$	339		$	373		$	(678	)	$	218
Other comprehensive income (loss)		(185	)		(185	)		(202	)		395			(177	)
Total comprehensive income (loss)		(1	)		154			171			(283	)		41
Comprehensive income attributable to noncontrolling interests								(42	)					(42	)
Comprehensive income (loss) attributable to the Company	$	(1	)	$	154		$	129		$	(283	)	$	(1	)

	Year ended December 31, 2011
Results of Operations	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net sales	$	—		$	—		$	7,358		$	—	$	7,358
Manufacturing, shipping and delivery								(5,969	)				(5,969	)
Gross profit		—			—			1,389			—		1,389
Research, engineering, selling, administrative, and other		(165	)					(1,410	)				(1,575	)
Interest expense		(20	)					(294	)				(314	)
Net intercompany interest		20						(20	)				—
Interest income								11					11
Equity earnings from subsidiaries		(335	)		(335	)					670		—
Other equity earnings								66					66
Other revenue								27					27
Earnings before income taxes		(500	)		(335	)		(231	)		670		(396	)
Provision for income taxes								(85	)				(85	)
Earnings (loss) from continuing operations		(500	)		(335	)		(316	)		670		(481	)
Earnings from discontinued operations								1					1
Net earnings (loss)		(500	)		(335	)		(315	)		670		(480	)
Net earnings attributable to noncontrolling interests								(20	)				(20	)
Net earnings (loss) attributable to the Company	$	(500	)	$	(335	)	$	(335	)	$	670	$	(500	)

	Year ended December 31, 2011
Comprehensive Income	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net earnings (loss)	$	(500	)	$	(335	)	$	(315	)	$	670	$	(480	)
Other comprehensive income		(415	)		(415	)		(164	)		579		(415	)
Total comprehensive income		(915	)		(750	)		(479	)		1,249		(895	)
Comprehensive income attributable to noncontrolling interests								(20	)				(20	)
Comprehensive income attributable to the Company	$	(915	)	$	(750	)	$	(499	)	$	1,249	$	(915	)

	Year ended December 31, 2010
Results of Operations	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	—	$	6,633		$	—		$	6,633
Manufacturing, shipping and delivery							(5,281	)					(5,281	)
Gross profit		—			—		1,352			—			1,352
Research, engineering, selling, administrative, and other		(170	)				(611	)					(781	)
Interest expense		(21	)				(228	)					(249	)
Net intercompany interest		21					(21	)		—			—
Interest income							13						13
Equity earnings from subsidiaries		111			111					(222	)		—
Other equity earnings							59						59
Other revenue							32						32
Earnings before income taxes		(59	)		111		596			(222	)		426
Provision for income taxes		8					(137	)					(129	)
Earnings from continuing operations		(51	)		111		459			(222	)		297
Earnings from discontinued operations							31			—			31
Loss on disposal of discontinued operations		6					(337	)					(331	)
Net earnings (loss)		(45	)		111		153			(222	)		(3	)
Net earnings attributable to noncontrolling interests							(42	)					(42	)
Net earnings (loss) attributable to the Company	$	(45	)	$	111	$	111		$	(222	)	$	(45	)

	Year ended December 31, 2010
Comprehensive Income	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net earnings (loss)	$	(45	)	$	111	$	153		$	(222	)	$	(3	)
Other comprehensive income		421			421		389			(804	)		427
Total comprehensive income		376			532		542			(1,026	)		424
Comprehensive income attributable to noncontrolling interests							(48	)					(48	)
Comprehensive income attributable to the Company	$	376		$	532	$	494		$	(1,026	)	$	376

Cash Flows

	Year ended December 31, 2012
Cash Flows	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations		Consolidated
Cash provided by (utilized in) operating activities	$	(165	)	$	—	$	740		$	—	$	575
Cash utilized in investing activities							(221	)				(221	)
Cash provided by (utilized in) financing activities		165					(504	)				(339	)
Effect of exchange rate change on cash							16					16
Net change in cash		—			—		31			—		31
Cash at beginning of period							400					400
Cash at end of period	$	—		$	—	$	431		$	—	$	431

	Year ended December 31, 2011
Cash Flows	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations		Consolidated
Cash provided by (utilized in) operating activities	$	(170	)	$	—	$	673		$	—	$	503
Cash utilized in investing activities							(426	)				(426	)
Cash provided by financing activities		170					(493	)				(323	)
Effect of exchange rate change on cash							6					6
Net change in cash		—			—		(240	)		—		(240	)
Cash at beginning of period							640					640
Cash at end of period	$	—		$	—	$	400		$	—	$	400

	Year ended December 31, 2010
Cash Flows	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations		Consolidated
Cash provided by (utilized in) operating activities	$	(179	)	$	—	$	771		$	—	$	592
Cash utilized in investing activities							(1,314	)				(1,314	)
Cash provided by (utilized in) financing activities		179					368					547
Effect of exchange rate change on cash							3					3
Net change in cash					—		(172	)		—		(172	)
Cash at beginning of period							812					812
Cash at end of period	$	—		$	—	$	640		$	—	$	640