CONSOLIDATED BALANCE SHEETS-K - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 399	$ 512
Trade receivables, net of allowances of $29 million and $34 million at December 31, 2015 and 2014, respectively	562	550
Inventories	1,007	1,035
Prepaid expenses and other current assets	366	274
Total current assets	2,334	2,371
Other assets:
Equity investments	409	427
Pension assets	32	22
Other assets	599	685
Intangibles	597
Goodwill	2,489	1,893
Total other assets	4,126	3,027
Property, plant and equipment:
Land, at cost	252	226
Buildings and equipment, at cost:
Buildings and building equipment	1,123	1,097
Factory machinery and equipment	4,526	4,302
Transportation, office and miscellaneous equipment	88	105
Construction in progress	238	161
Property, plant and equipment, at cost	6,227	5,891
Less accumulated depreciation	3,266	3,446
Net property, plant and equipment	2,961	2,445
Total assets	9,421	7,843
Current liabilities:
Accounts payable	1,212	1,137
Salaries and wages	145	145
U.S. and foreign income taxes	36	43
Current portion of asbestos-related liabilities	130	143
Other accrued liabilities	371	372
Short-term loans	160	127
Long-term debt due within one year	68	361
Total current liabilities	2,122	2,328
Long-term debt	5,345	2,957
Deferred taxes	124	121
Pension benefits	504	465
Nonpension postretirement benefits	155	178
Other liabilities	205	227
Asbestos-related liabilities	$ 392	$ 292
Commitments and contingencies
Share owners' equity of the Company:
Common stock, par value $.01 per share, 250,000,000 shares authorized, 184,480,646 and 183,915,370 shares issued (including treasury shares), respectively	$ 2	$ 2
Capital in excess of par value	3,064	3,066
Treasury stock, at cost, 23,519,049 and 19,718,055 shares, respectively	(573)	(480)
Retained earnings (loss)	(10)	64
Accumulated other comprehensive loss	(2,017)	(1,494)
Total share owners' equity of the Company	466	1,158
Noncontrolling interests	108	117
Total share owners' equity	574	1,275
Total liabilities and share owners' equity	$ 9,421	$ 7,843