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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
Current assets:      
Cash and cash equivalents $ 606 $ 551 $ 273
Trade receivables, net of allowance of $33 million, $32 million, and $31 million at September 30, 2020, December 31, 2019 and September 30, 2019 724 621 968
Inventories 782 1,045 1,015
Prepaid expenses and other current assets 272 271 278
Total current assets 2,384 2,488 2,534
Property, plant and equipment, net 2,675 3,273 3,104
Goodwill 1,847 1,934 1,893
Intangibles, net 311 371 404
Other assets 1,407 1,544 1,613
Total assets 8,624 9,610 9,548
Current liabilities:      
Accounts payable 910 1,276 1,064
Short-term loans and long-term debt due within one year 212 124 376
Current portion of asbestos-related liabilities     125
Other liabilities 575 595 630
Total current liabilities 1,697 1,995 2,195
Long-term debt 5,163 5,435 5,512
Asbestos-related liabilities   486 342
Paddock support agreement liability 471    
Other long-term liabilities 1,028 1,130 1,063
Share owners' equity 265 564 436
Total liabilities and share owners' equity $ 8,624 $ 9,610 $ 9,548