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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions
Sep. 30, 2011
Dec. 31, 2010
Sep. 30, 2010
Current assets:   
Cash and cash equivalents$ 256$ 640$ 657
Short-term investments, at cost which approximates market1 1
Receivables, less allowances for losses and discounts ($38 at September 30, 2011, $40 at December 31, 2010, and $43 at September 30, 2010)1,2181,0751,165
Inventories1,052946986
Prepaid expenses1127764
Assets of discontinued operations  93
Total current assets2,6392,7382,966
Investments and other assets:   
Equity investments312299287
Repair parts inventories163147141
Pension assets605445
Other assets685588623
Goodwill2,7622,8212,744
Assets of discontinued operations  35
Total other assets3,9823,9093,875
Property, plant, and equipment, at cost6,9987,0166,975
Less accumulated depreciation4,0673,9093,933
Net property, plant, and equipment2,9313,1073,042
Total assets9,5529,7549,883
Current liabilities:   
Short-term loans and long-term debt due within one year345354339
Current portion of asbestos-related liabilities170170175
Accounts payable935878838
Other liabilities663677779
Liabilities of discontinued operations  25
Total current liabilities2,1132,0792,156
Long-term debt3,7433,9244,006
Deferred taxes204203229
Pension benefits530576547
Nonpension postretirement benefits252259265
Other liabilities412381313
Asbestos-related liabilities204306196
Liabilities of discontinued operations  15
Commitments and contingencies   
Share owners' equity of the Company:   
Common stock, par value $.01 per share, 250,000,000 shares authorized, 181,151,747, 180,808,992, and 180,778,613 shares issued (including treasury shares), respectively222
Capital in excess of par value2,9903,0403,034
Treasury stock, at cost, 16,906,495, 17,093,509, and 17,142,981 shares, respectively(408)(412)(413)
Retained earnings34382494
Accumulated other comprehensive loss(987)(897)(1,179)
Total share owners' equity of the Company1,9401,8151,938
Noncontrolling interests154211218
Total share owners' equity2,0942,0262,156
Total liabilities and share owners' equity$ 9,552$ 9,754$ 9,883