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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Mar. 31, 2015
Dec. 31, 2014
Current assets:        
Cash and cash equivalents $ 239 $ 399 $ 257  
Trade receivables, net of allowance of $31 million, $29 million and $31 million at March 31, 2016, December 31, 2015 and March 31, 2015, respectively 771 562 667  
Inventories 1,107 1,007 1,007  
Prepaid expenses and other current assets 359 366 268  
Total current assets 2,476 2,334 2,199  
Property, plant and equipment, net 2,996 2,961 2,337  
Goodwill 2,532 2,489 1,752  
Intangibles 587 597    
Other assets 1,097 1,040 1,024  
Total assets 9,688 9,421 7,312  
Current liabilities:        
Short-term loans and long-term debt due within one year 239 228 635  
Current portion of asbestos-related liabilities 130 130 143  
Accounts payable 1,050 1,212 919  
Other liabilities 467 552 417  
Total current liabilities 1,886 2,122 2,114  
Long-term debt 5,662 5,345 2,972  
Asbestos-related liabilities 676 687 782  
Other long-term liabilities 1,048 988 920  
Share owners' equity 416 279 524 $ 771
Total liabilities and share owners' equity $ 9,688 $ 9,421 $ 7,312