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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 562 $ 724
Accounts receivable 405 356
Inventories 709 722
Deferred taxes 33 32
Other 95 95
Total current assets 1,804 1,929
Property, plant and equipment:    
Property, Plant and Equipment, Gross 2,020 2,011
Less - accumulated depreciation (1,216) (1,182)
Property, plant and equipment, net 804 829
Goodwill 671 691
Intangibles, net 263 282
Other 124 89
Total assets 3,666 3,820
Current liabilities:    
Notes payable 129 383
Accounts payable 152 160
Payroll 51 55
Income taxes 26 26
Other 88 77
Total current liabilities 446 701
Long-term debt 300 300
Pension and post-retirement benefits 131 135
Deferred taxes 61 64
Other 75 74
Total liabilities 1,013 1,274
Stockholders' equity:    
Common stock, $1.00 par value; 300 million shares authorized; 202 million shares issued at June 30, 2013 and December 31, 2012; 120 million shares outstanding at June 30, 2013 and December 31, 2012 202 202
Capital in excess of par value 305 276
Common stock in treasury, at cost, 82 million shares at June 30, 2013 and December 31, 2012 (2,320) (2,271)
Retained earnings 4,459 4,270
Accumulated other comprehensive income 7 69
Total stockholders' equity 2,653 2,546
Total liabilities and stockholders' equity $ 3,666 $ 3,820