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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2016
Jun. 30, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Dec. 31, 2014
Current assets:            
Cash and cash equivalents $ 294   $ 399 $ 270    
Trade receivables, net of allowance of $32 million, $29 million, and $29 million at September 30, 2016, December 31, 2015 and September 30, 2015 857   562 753    
Inventories 1,057   1,007 1,023    
Prepaid expenses and other current assets 234   366 442    
Total current assets 2,442   2,334 2,488    
Property, plant and equipment, net 2,917   2,961 2,874    
Goodwill 2,534   2,489 2,797    
Intangibles 490   597 404    
Other assets 1,114   1,040 991    
Total assets 9,497   9,421 9,554    
Current liabilities:            
Short-term loans and long-term debt due within one year 262   228 250    
Current portion of asbestos-related liabilities 130   130 143    
Accounts payable 1,059   1,212 1,004    
Other liabilities 582   552 527    
Total current liabilities 2,033   2,122 1,924    
Long-term debt 5,333   5,345 5,609    
Asbestos-related liabilities 643   687 738    
Other long-term liabilities 973   988 909    
Share owners' equity 515 $ 458 279 374 $ 591 $ 771
Total liabilities and share owners' equity $ 9,497   $ 9,421 $ 9,554