CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 734	$ 913
Trade receivables, net of allowance of $32 million, $30 million, and $33 million at September 30, 2024, December 31, 2023 and September 30, 2023	572	671
Inventories	963	1,071
Prepaid expenses and other current assets	209	229
Total current assets	2,478	2,884
Other assets:
Equity investments	661	743
Pension assets	92	66
Other assets	608	694
Intangibles, net	198	254
Goodwill	1,321	1,473
Total other assets	2,880	3,230
Property, plant and equipment:
Land, at cost	208	234
Buildings and equipment, at cost:
Buildings and building equipment	1,146	1,194
Factory machinery and equipment	5,527	5,769
Transportation, office and miscellaneous equipment	73	74
Construction in progress	834	817
Property, plant and equipment, at cost	7,788	8,088
Less accumulated depreciation	4,492	4,533
Net property, plant and equipment	3,296	3,555
Total assets	8,654	9,669
Current liabilities:
Accounts payable	1,142	1,437
Salaries and wages	121	169
U.S. and foreign income taxes	49	90
Other accrued liabilities	432	402
Short-term loans	110	106
Long-term debt due within one year	306	142
Total current liabilities	2,160	2,346
Long-term debt	4,553	4,698
Deferred taxes	74	86
Pension benefits	193	248
Nonpension postretirement benefits	62	67
Other liabilities	407	480
Share owners' equity of the Company:
Common stock, par value $.01 per share, 250,000,000 shares authorized, 185,009,211 and 185,567,871 shares issued (including treasury shares), respectively	2	2
Capital in excess of par value	3,053	3,086
Treasury stock, at cost, 30,754,898 and 30,879,776 shares, respectively	(677)	(681)
Retained earnings	676	782
Accumulated other comprehensive loss	(1,975)	(1,580)
Total share owners' equity of the Company	1,079	1,609
Noncontrolling interests	126	135
Total share owners' equity	1,205	1,744
Total liabilities and share owners' equity	$ 8,654	$ 9,669