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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Sep. 30, 2011
Current assets:      
Cash and cash equivalents $ 336 $ 400 $ 256
Short-term investment, at cost which approximates market     1
Receivables, less allowances for losses and discounts ($42 at September 30, 2012, $38 at December 31, 2011, and $38 at September 30, 2011) 1,133 1,158 1,218
Inventories 1,228 1,061 1,101
Prepaid expenses 91 124 112
Total current assets 2,788 2,743 2,688
Investments and other assets:      
Equity investments 300 315 312
Repair parts inventories 148 155 163
Pension assets 120 116 60
Other assets 715 687 685
Goodwill 2,065 2,082 2,762
Total other assets 3,348 3,355 3,982
Property, plant and equipment, at cost 6,837 6,899 6,998
Less accumulated depreciation 4,102 4,022 4,067
Net property, plant and equipment 2,735 2,877 2,931
Total assets 8,871 8,975 9,601
Current liabilities:      
Short-term loans and long-term debt due within one year 356 406 345
Current portion of asbestos-related liabilities 165 165 170
Accounts payable 853 1,038 935
Other liabilities 664 636 663
Total current liabilities 2,038 2,245 2,113
Long-term debt 3,537 3,627 3,743
Deferred taxes 209 212 204
Pension benefits 792 871 530
Nonpension postretirement benefits 269 269 252
Other liabilities 370 404 412
Asbestos-related liabilities 220 306 204
Commitments and contingencies         
Share owners' equity of the Company:      
Common stock, par value $.01 per share, 250,000,000 shares authorized, 181,804,174, 181,174,050, and 181,151,747 shares issued (including treasury shares), respectively 2 2 2
Capital in excess of par value 3,002 2,991 2,990
Treasury stock, at cost, 17,274,300, 16,799,903 and 16,906,495 shares, respectively (413) (405) (408)
Retained earnings (loss) (35) (379) 392
Accumulated other comprehensive loss (1,270) (1,321) (987)
Total share owners' equity of the Company 1,286 888 1,989
Noncontrolling interests 150 153 154
Total share owners' equity 1,436 1,041 2,143
Total liabilities and share owners' equity $ 8,871 $ 8,975 $ 9,601