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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 471 $ 724
Accounts receivable, net 398 356
Inventories 711 722
Deferred taxes 30 32
Other 90 95
Total current assets 1,700 1,929
Property, plant and equipment:    
Property, Plant and Equipment, Gross 2,001 2,011
Less - accumulated depreciation (1,190) (1,182)
Property, plant and equipment, net 811 829
Goodwill, net 675 691
Intangibles, net 270 282
Other 125 89
Total assets 3,581 3,820
Current liabilities:    
Notes payable 89 383
Accounts payable 154 160
Payroll 52 55
Income taxes 45 26
Other 74 77
Total current liabilities 414 701
Long-term debt 300 300
Pension and post-retirement benefits 132 135
Deferred taxes 66 64
Other 72 74
Total liabilities 984 1,274
Stockholders' equity:    
Common stock, $1.00 par value; 300 million shares authorized; 202 million shares issued at March 31, 2013 and December 31, 2012; 120 million shares outstanding at March 31, 2013 and December 31, 2012 202 202
Capital in excess of par value 294 276
Common stock in treasury, at cost, 82 million shares at March 31, 2013 and December 31, 2012 (2,294) (2,271)
Retained earnings 4,366 4,270
Accumulated other comprehensive income 29 69
Total stockholders' equity 2,597 2,546
Total liabilities and stockholders' equity $ 3,581 $ 3,820