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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Mar. 31, 2016
Dec. 31, 2015
Current assets:        
Cash and cash equivalents $ 312 $ 492 $ 239  
Trade receivables, net of allowance of $36 million, $32 million, and $31 million at March 31, 2017, December 31, 2016 and March 31, 2016 844 580 771  
Inventories 1,051 983 1,107  
Prepaid expenses and other current assets 212 199 359  
Total current assets 2,419 2,254 2,476  
Property, plant and equipment, net 2,926 2,880 2,996  
Goodwill 2,524 2,462 2,532  
Intangibles, net 485 464 587  
Other assets 1,105 1,075 1,097  
Total assets 9,459 9,135 9,688  
Current liabilities:        
Short-term loans and long-term debt due within one year 196 195 239  
Current portion of asbestos-related liabilities 115 115 130  
Accounts payable 1,017 1,135 1,050  
Other liabilities 531 615 467  
Total current liabilities 1,859 2,060 1,886  
Long-term debt 5,431 5,133 5,662  
Asbestos-related liabilities 565 577 676  
Other long-term liabilities 988 1,002 1,048  
Share owners' equity 616 363 416 $ 279
Total liabilities and share owners' equity $ 9,459 $ 9,135 $ 9,688