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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 722 $ 724
Accounts receivable, net 382 356
Inventories 699 722
Deferred taxes 31 32
Other 87 95
Total current assets 1,921 1,929
Property, plant and equipment:    
Property, plant and equipment, gross 2,098 2,011
Less - accumulated depreciation (1,292) (1,182)
Property, plant and equipment, net 806 829
Goodwill, net 691 691
Intangibles, net 255 282
Other 132 89
Total assets 3,805 3,820
Current liabilities:    
Notes payable and current maturities of long-term debt 65 383
Accounts payable 152 160
Payroll 64 55
Income taxes 25 26
Other 77 77
Total current liabilities 383 701
Long-term debt 300 300
Pension and post-retirement benefits 73 135
Deferred taxes 74 64
Other 80 74
Total liabilities 910 1,274
Stockholders' equity:    
Common stock, $1.00 par value; 300 million shares authorized; 202 million shares issued at December 31, 2013 and December 31, 2012; 119 million shares outstanding at December 31, 2013 and 120 million shares outstanding at December 31, 2012 202 202
Capital in excess of par value 322 276
Common stock in treasury, at cost, 83 million shares at December 31, 2013 and 82 million shares at December 31, 2012 (2,407) (2,271)
Retained earnings 4,658 4,270
Accumulated other comprehensive income 120 69
Total stockholders' equity 2,895 2,546
Total liabilities and stockholders' equity $ 3,805 $ 3,820