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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 727 $ 722
Accounts receivable 415 382
Inventories 705 699
Deferred taxes 33 31
Other 86 87
Total current assets 1,966 1,921
Property, plant and equipment:    
Property, plant and equipment 2,119 2,098
Less - accumulated depreciation (1,311) (1,292)
Property, plant and equipment, net 808 806
Goodwill 693 691
Intangibles, net 249 255
Other 137 132
Total assets 3,853 3,805
Current liabilities:    
Notes payable 32 65
Accounts payable 167 152
Payroll 57 64
Income taxes 56 25
Other 82 77
Total current liabilities 394 383
Long-term debt 300 300
Pension and post-retirement benefits 56 73
Deferred taxes 72 74
Other 84 80
Total liabilities 906 910
Stockholders' equity:    
Common stock, $1.00 par value; 300 million shares authorized; 202 million shares issued at March 31, 2014 and December 31, 2013; 119 million shares outstanding at March 31, 2014 and December 31, 2013 202 202
Capital in excess of par value 339 322
Common stock in treasury, at cost, 83 million shares at March 31, 2014 and December 31, 2013 (2,493) (2,407)
Retained earnings 4,757 4,658
Accumulated other comprehensive income 142 120
Total stockholders' equity 2,947 2,895
Total liabilities and stockholders' equity $ 3,853 $ 3,805