CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 563	$ 551
Trade receivables, net of allowances of $33 million and $32 million at December 31, 2020 and 2019, respectively	623	621
Inventories	841	1,045
Prepaid expenses and other current assets	270	271
Total current assets	2,297	2,488
Other assets:
Equity investments	673	694
Pension assets	67	42
Other assets	662	808
Intangibles, net	325	371
Goodwill	1,951	1,934
Total other assets	3,678	3,849
Property, plant and equipment:
Land, at cost	248	275
Buildings and equipment, at cost:
Buildings and building equipment	1,197	1,267
Factory machinery and equipment	5,285	5,623
Transportation, office and miscellaneous equipment	79	104
Construction in progress	211	359
Property, plant and equipment, at cost	7,020	7,628
Less accumulated depreciation	4,113	4,355
Net property, plant and equipment	2,907	3,273
Total assets	8,882	9,610
Current liabilities:
Accounts payable	1,126	1,276
Salaries and wages	145	132
U.S. and foreign income taxes	22	32
Other accrued liabilities	408	431
Short-term loans	55	75
Long-term debt due within one year	142	49
Total current liabilities	1,898	1,995
Long-term debt	4,945	5,435
Deferred taxes	109	110
Pension benefits	521	528
Nonpension postretirement benefits	113	135
Other liabilities	424	357
Asbestos-related liabilities		486
Paddock Support Agreement	471
Share owners' equity of the Company:
Common stock, par value $.01 per share, 250,000,000 shares authorized, 189,305,018 and 188,447,335 shares issued (including treasury shares), respectively	2	2
Capital in excess of par value	3,129	3,130
Treasury stock, at cost, 31,911,047 and 32,573,359 shares, respectively	(714)	(733)
Retained earnings (accumulated deficit)	152	(89)
Accumulated other comprehensive loss	(2,272)	(1,843)
Total share owners' equity of the Company	297	467
Noncontrolling interests	104	97
Total share owners' equity	401	564
Total liabilities and share owners' equity	$ 8,882	$ 9,610