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

3 Months Ended

Mar. 31, 2016

Financial Information for Subsidiary Guarantors and Non-Guarantors Disclosure [Abstract]

Balance Sheet

	March 31, 2016
			Guarantor		Non-Guarantor
Balance Sheet	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Current assets:
Cash and cash equivalents	$	—	$	—	$	239	$	—	$	239
Trade receivables, net						771				771
Inventories						1,107				1,107
Prepaid expenses and other current assets						359				359
Total current assets		—		—		2,476		—		2,476
Investments in and advances to subsidiaries		1,362		1,105				(2,467)
Property, plant and equipment, net						2,996				2,996
Goodwill						2,532				2,532
Intangibles						587				587
Other assets						1,097				1,097
Total assets	$	1,362	$	1,105	$	9,688	$	(2,467)	$	9,688
Current liabilities :
Short-term loans and long-term debt due within one year	$	—	$	—	$	239	$	—	$	239
Current portion of asbestos liability		130								130
Accounts payable						1,050				1,050
Other liabilities		7				467		(7)		467
Total current liabilities		137		—		1,756		(7)		1,886
Long-term debt		250				5,662		(250)		5,662
Asbestos-related liabilities		676								676
Other long-term liabilities						1,048				1,048
Share owners’ equity		299		1,105		1,105		(2,210)		299
Noncontrolling interests						117				117
Total liabilities and share owners’ equity	$	1,362	$	1,105	$	9,688	$	(2,467)	$	9,688

	December 31, 2015
					Non-
			Guarantor		Guarantor
Balance Sheet	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Current assets:
Cash and cash equivalents	$	—	$	—	$	399	$	—	$	399
Trade receivables, net						562				562
Inventories						1,007				1,007
Prepaid expenses and other current assets						366				366
Total current assets		—		—		2,334		—		2,334
Investments in and advances to subsidiaries		1,240		988				(2,228)		—
Property, plant and equipment, net						2,961				2,961
Goodwill						2,489				2,489
Intangibles						597				597
Other assets						1,040				1,040
Total assets	$	1,240	$	988	$	9,421	$	(2,228)	$	9,421
Current liabilities :
Short-term loans and long-term debt due within one year	$	—	$	—	$	228	$	—	$	228
Current portion of asbestos liability		130								130
Accounts payable						1,212				1,212
Other liabilities		2				552		(2)		552
Total current liabilities		132		—		1,992		(2)		2,122
Long-term debt		250				5,345		(250)		5,345
Asbestos-related liabilities		687								687
Other long-term liabilities						988				988
Share owners’ equity		171		988		988		(1,976)		171
Noncontrolling interests						108				108
Total liabilities and share owners’ equity	$	1,240	$	988	$	9,421	$	(2,228)	$	9,421

	March 31, 2015
					Non-
			Guarantor		Guarantor
Balance Sheet	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Current assets:
Cash and cash equivalents	$	—	$	—	$	257	$	—	$	257
Trade receivables, net						667				667
Inventories						1,007				1,007
Prepaid expenses and other current assets						268				268
Total current assets		—		—		2,199		—		2,199
Investments in and advances to subsidiaries		1,583		1,326				(2,909)		—
Property, plant and equipment, net						2,337				2,337
Goodwill						1,752				1,752
Other assets						1,024				1,024
Total assets	$	1,583	$	1,326	$	7,312	$	(2,909)	$	7,312
Current liabilities :
Short-term loans and long-term debt due within one year	$	—	$	—	$	635	$	—	$	635
Current portion of asbestos liability		143								143
Accounts payable						919				919
Other liabilities		7				417		(7)		417
Total current liabilities		150		—		1,971		(7)		2,114
Long-term debt		250				2,972		(250)		2,972
Asbestos-related liabilities		782								782
Other long-term liabilities						920				920
Share owners’ equity		401		1,326		1,326		(2,652)		401
Noncontrolling interests						123				123
Total liabilities and share owners’ equity	$	1,583	$	1,326	$	7,312	$	(2,909)	$	7,312

Results of Operations and Comprehensive Income

	Three months ended  March 31, 2016
					Non-
			Guarantor		Guarantor
Results of Operations	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	—	$	—	$	1,588	$	—	$	1,588
Cost of goods sold						(1,269)				(1,269)
Gross profit		—		—		319		—		319
Selling and administrative expense						(129)				(129)
Research, development and engineering expense						(15)				(15)
Net intercompany interest		5				(5)				—
Interest expense, net		(5)				(61)				(66)
Equity earnings from subsidiaries		67		67				(134)		—
Other equity earnings						14				14
Other expense, net						(22)				(22)
Earnings before income taxes		67		67		101		(134)		101
Provision for income taxes						(27)				(27)
Earnings from continuing operations		67		67		74		(134)		74
Loss from discontinued operations						(1)				(1)
Net earnings		67		67		73		(134)		73
Net (earnings) attributable to noncontrolling interests						(6)				(6)
Net earnings attributable to the Company	$	67	$	67	$	67	$	(134)	$	67

	Three months ended  March 31, 2016
					Non-
			Guarantor		Guarantor
Comprehensive Income	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net earnings	$	67	$	67	$	73	$	(134)	$	73
Other comprehensive income, net		50		50		50		(100)		50
Total comprehensive loss		117		117		123		(234)		123
Comprehensive income attributable to noncontrolling interests						(9)				(9)
Comprehensive loss attributable to the Company	$	117	$	117	$	114	$	(234)	$	114

	Three months ended  March 31, 2015
					Non-
			Guarantor		Guarantor
Results of Operations	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net sales	$	—	$	—	$	1,421	$	—	$	1,421
Cost of goods sold						(1,153)				(1,153)
Gross profit		—		—		268		—		268
Selling and administrative expense						(124)				(124)
Research, development and engineering expense						(15)				(15)
Net intercompany interest		7				(7)				—
Interest expense, net		(7)				(40)				(47)
Equity earnings from subsidiaries		71		71				(142)		—
Other equity earnings						15				15
Other expense, net						3				3
Earnings before income taxes		71		71		100		(142)		100
Provision for income taxes						(25)				(25)
Earnings from continuing operations		71		71		75		(142)		75
Loss from discontinued operations										—
Net earnings		71		71		75		(142)		75
Net (earnings) attributable to noncontrolling interests						(4)				(4)
Net earnings attributable to the Company	$	71	$	71	$	71	$	(142)	$	71

	Three months ended  March 31, 2015
					Non-
			Guarantor		Guarantor
Comprehensive Income	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net earnings	$	71	$	71	$	75	$	(142)	$	75
Other comprehensive income, net		(216)		(216)		(220)		432		(220)
Total comprehensive loss		(145)		(145)		(145)		290		(145)
Comprehensive income attributable to noncontrolling interests										—
Comprehensive loss attributable to the Company	$	(145)	$	(145)	$	(145)	$	290	$	(145)

Cash Flows

	Three months ended  March 31, 2016
					Non-
			Guarantor		Guarantor
Cash Flows	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Cash provided by (utilized in) operating activities	$	123	$	—	$	(425)	$	—	$	(302)
Cash utilized in investing activities						(133)				(133)
Cash provided by (utilized in) financing activities		(123)				399				276
Effect of exchange rate change on cash						(1)				(1)
Net change in cash		—		—		(160)		—		(160)
Cash at beginning of period						399				399
Cash at end of period	$	—	$	—	$	239	$	—	$	239

	Three months ended  March 31, 2015
					Non-
			Guarantor		Guarantor
Cash Flows	Parent		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Cash provided by (utilized in) operating activities	$	(15)	$	—	$	(263)	$	—	$	(278)
Cash utilized in investing activities						(157)				(157)
Cash provided by financing activities		15				192				207
Effect of exchange rate change on cash						(27)				(27)
Net change in cash		—		—		(255)		—		(255)
Cash at beginning of period						512				512
Cash at end of period	$	—	$	—	$	257	$	—	$	257