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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Current assets:          
Cash and cash equivalents $ 335 $ 492 $ 334    
Trade receivables, net of allowance of $35 million, $32 million, and $31 million at June 30, 2017, December 31, 2016 and June 30, 2016 956 580 831    
Inventories 1,049 983 1,051    
Prepaid expenses and other current assets 214 199 358    
Total current assets 2,554 2,254 2,574    
Property, plant and equipment, net 2,996 2,880 2,932    
Goodwill 2,588 2,462 2,536    
Intangibles, net 486 464 517    
Other assets 1,156 1,075 1,108    
Total assets 9,780 9,135 9,667    
Current liabilities:          
Short-term loans and long-term debt due within one year 271 195 305    
Current portion of asbestos-related liabilities 115 115 130    
Accounts payable 1,065 1,135 1,042    
Other liabilities 564 615 518    
Total current liabilities 2,015 2,060 1,995    
Long-term debt 5,471 5,133 5,549    
Asbestos-related liabilities 551 577 663    
Other long-term liabilities 964 1,002 1,002    
Share owners' equity 779 363 458 $ 416 $ 279
Total liabilities and share owners' equity $ 9,780 $ 9,135 $ 9,667