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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Jun. 30, 2017
Current assets:      
Cash and cash equivalents $ 365 $ 492 $ 335
Trade receivables, net of allowance of $35 million, $34 million, and $35 million at June 30, 2018, December 31, 2017 and June 30, 2017 1,026 663 956
Inventories 985 1,036 1,049
Prepaid expenses and other current assets 248 229 214
Total current assets 2,624 2,420 2,554
Property, plant and equipment, net 3,025 3,131 2,996
Goodwill 2,533 2,590 2,588
Intangibles, net 419 439 486
Other assets 1,217 1,176 1,156
Total assets 9,818 9,756 9,780
Current liabilities:      
Accounts payable 1,088 1,324 1,065
Short-term loans and long-term debt due within one year 291 162 271
Current portion of asbestos-related liabilities 100 100 115
Other liabilities 576 579 564
Other liabilities - discontinued operations 115 115  
Total current liabilities 2,170 2,280 2,015
Long-term debt 5,377 5,121 5,471
Asbestos-related liabilities 456 482 551
Other long-term liabilities 916 946 964
Share owners' equity 899 927 779
Total liabilities and share owners' equity $ 9,818 $ 9,756 $ 9,780