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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Mar. 31, 2017
Current assets:      
Cash and cash equivalents $ 418 $ 492 $ 312
Trade receivables, net of allowance of $36 million, $34 million, and $36 million at March 31, 2018, December 31, 2017 and March 31, 2017 1,045 663 844
Inventories 1,065 1,036 1,051
Prepaid expenses and other current assets 240 229 212
Total current assets 2,768 2,420 2,419
Property, plant and equipment, net 3,190 3,131 2,926
Goodwill 2,649 2,590 2,524
Intangibles, net 452 439 485
Other assets 1,222 1,176 1,105
Total assets 10,281 9,756 9,459
Current liabilities:      
Short-term loans and long-term debt due within one year 194 162 196
Current portion of asbestos-related liabilities 100 100 115
Accounts payable 1,115 1,324 1,017
Other liabilities 554 579 531
Other liabilities - discontinued operations 115 115  
Total current liabilities 2,078 2,280 1,859
Long-term debt 5,640 5,121 5,431
Asbestos-related liabilities 475 482 565
Other long-term liabilities 969 946 988
Share owners' equity 1,119 927 616
Total liabilities and share owners' equity $ 10,281 $ 9,756 $ 9,459