CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 773	$ 725
Trade receivables, net of allowances of $28 million and $28 million at December 31, 2022 and 2021, respectively	760	692
Inventories	848	816
Prepaid expenses and other current assets	222	237
Assets held for sale		49
Total current assets	2,603	2,519
Other assets:
Equity investments	695	643
Pension assets	60	150
Other assets	666	577
Intangibles, net	262	286
Goodwill	1,813	1,840
Total other assets	3,496	3,496
Property, plant and equipment:
Land, at cost	217	237
Buildings and equipment, at cost:
Buildings and building equipment	1,102	1,134
Factory machinery and equipment	5,157	5,112
Transportation, office and miscellaneous equipment	71	72
Construction in progress	556	300
Property, plant and equipment, at cost	7,103	6,855
Less accumulated depreciation	4,141	4,038
Net property, plant and equipment	2,962	2,817
Total assets	9,061	8,832
Current liabilities:
Accounts payable	1,355	1,210
Salaries and wages	181	165
U.S. and foreign income taxes	77	41
Other accrued liabilities	399	345
Short-term loans	45	34
Long-term debt due within one year	300	38
Liabilities held for sale		13
Total current liabilities	2,357	1,846
Long-term debt	4,371	4,753
Deferred taxes	84	102
Pension benefits	225	284
Nonpension postretirement benefits	63	106
Other liabilities	433	289
Paddock Support Agreement		625
Share owners' equity of the Company:
Common stock, par value $.01 per share, 250,000,000 shares authorized, 185,567,871 and 187,752,045 shares issued (including treasury shares), respectively	2	2
Capital in excess of par value	3,079	3,090
Treasury stock, at cost, 30,879,776 and 31,396,951 shares, respectively	(688)	(701)
Retained earnings	885	301
Accumulated other comprehensive loss	(1,861)	(1,972)
Total share owners' equity of the Company	1,417	720
Noncontrolling interests	111	107
Total share owners' equity	1,528	827
Total liabilities and share owners' equity	$ 9,061	$ 8,832