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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Jun. 30, 2018
Current assets:      
Cash and cash equivalents $ 371 $ 512 $ 365
Trade receivables, net of allowance of $34 million, $35 million, and $35 million at June 30, 2019, December 31, 2018 and June 30, 2018 1,275 549 1,026
Inventories 1,015 1,018 985
Prepaid expenses and other current assets 282 278 248
Total current assets 2,943 2,357 2,624
Property, plant and equipment, net 3,216 3,085 3,025
Goodwill 2,527 2,513 2,533
Intangibles, net 422 400 419
Other assets 1,615 1,344 1,217
Total assets 10,723 9,699 9,818
Current liabilities:      
Accounts payable 1,074 1,321 1,088
Short-term loans and long-term debt due within one year 96 160 291
Current portion of asbestos-related liabilities 135 160 100
Other liabilities 624 566 576
Other liabilities - discontinued operations     115
Total current liabilities 1,929 2,207 2,170
Long-term debt 6,235 5,181 5,377
Asbestos-related liabilities 364 442 456
Other long-term liabilities 1,105 969 916
Share owners' equity 1,090 900 899
Total liabilities and share owners' equity $ 10,723 $ 9,699 $ 9,818