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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2017
Jun. 30, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Dec. 31, 2015
Current assets:            
Cash and cash equivalents $ 339   $ 492 $ 294    
Trade receivables, net of allowance of $36 million, $32 million, and $32 million at September 30, 2017, December 31, 2016 and September 30, 2016 1,028   580 857    
Inventories 1,046   983 1,057    
Prepaid expenses and other current assets 254   199 234    
Total current assets 2,667   2,254 2,442    
Property, plant and equipment, net 3,036   2,880 2,917    
Goodwill 2,621   2,462 2,534    
Intangibles, net 473   464 490    
Other assets 1,202   1,075 1,114    
Total assets 9,999   9,135 9,497    
Current liabilities:            
Short-term loans and long-term debt due within one year 243   195 262    
Current portion of asbestos-related liabilities 115   115 130    
Accounts payable 1,087   1,135 1,059    
Other liabilities 617   615 582    
Other liabilities - discontinued operations 115          
Total current liabilities 2,177   2,060 2,033    
Long-term debt 5,378   5,133 5,333    
Asbestos-related liabilities 528   577 643    
Other long-term liabilities 977   1,002 973    
Share owners' equity 939 $ 779 363 515 $ 458 $ 279
Total liabilities and share owners' equity $ 9,999   $ 9,135 $ 9,497