CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 492	$ 492
Trade receivables, net of allowances of $34 million and $32 million at December 31, 2017 and 2016, respectively	663	580
Inventories	1,036	983
Prepaid expenses and other current assets	229	199
Total current assets	2,420	2,254
Other assets:
Equity investments	525	433
Pension assets	49	40
Other assets	602	602
Intangibles	439	464
Goodwill	2,590	2,462
Total other assets	4,205	4,001
Property, plant and equipment:
Land, at cost	255	241
Buildings and equipment, at cost:
Buildings and building equipment	1,180	1,090
Factory machinery and equipment	5,015	4,496
Transportation, office and miscellaneous equipment	96	85
Construction in progress	303	238
Property, plant and equipment, at cost	6,849	6,150
Less accumulated depreciation	3,718	3,270
Net property, plant and equipment	3,131	2,880
Total assets	9,756	9,135
Current liabilities:
Accounts payable	1,324	1,135
Salaries and wages	166	174
U.S. and foreign income taxes	35	58
Current portion of asbestos-related liabilities	100	115
Other accrued liabilities	378	383
Other liabilities - discontinued operations	115
Short-term loans	151	162
Long-term debt due within one year	11	33
Total current liabilities	2,280	2,060
Long-term debt	5,121	5,133
Deferred taxes	99	100
Pension benefits	471	552
Nonpension postretirement benefits	167	162
Other liabilities	209	188
Asbestos-related liabilities	482	577
Share owners' equity of the Company:
Common stock, par value $.01 per share, 250,000,000 shares authorized, 185,727,663 and 185,354,796 shares issued (including treasury shares), respectively	2	2
Capital in excess of par value	3,099	3,080
Treasury stock, at cost, 22,648,606 and 23,017,367 shares, respectively	(551)	(560)
Retained earnings (accumulated deficit)	84	(96)
Accumulated other comprehensive loss	(1,826)	(2,172)
Total share owners' equity of the Company	808	254
Noncontrolling interests	119	109
Total share owners' equity	927	363
Total liabilities and share owners' equity	$ 9,756	$ 9,135