Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 1,050	$ 958
Accounts receivable	418	397
Inventories	742	699
Deferred taxes	54	46
Other	105	147
Total current assets	2,369	2,247
Property, plant and equipment:
Property, plant and equipment	2,150	2,108
Less - accumulated depreciation	(1,361)	(1,322)
Property, plant and equipment, net	789	786
Goodwill	753	756
Intangibles, net	282	292
Other	113	114
Total assets	4,306	4,195
Current liabilities:
Notes payable	0	145
Accounts payable	201	183
Payroll	72	81
Income taxes	61	0
Other	90	81
Total current liabilities	424	490
Long-term debt	300	300
Pension and post-retirement benefits	103	103
Deferred taxes	62	69
Other	109	103
Total liabilities	998	1,065
Stockholders' equity:
Preferred stock, $1.00 par value; 10 million shares authorized at June 30, 2015 and December 31, 2014; none issued or outstanding at June 30, 2015 and December 31, 2014	0	0
Common stock, $1.00 par value; 450 million shares authorized at June 30, 2015 and December 31, 2014; 202 million shares issued at June 30, 2015 and December 31, 2014; 120 million shares outstanding at June 30, 2015 and 119 million shares outstanding at December 31, 2014	202	202
Capital in excess of par value	411	383
Common stock in treasury, at cost, 82 million shares at June 30, 2015 and 83 million shares at December 31, 2014	(2,490)	(2,486)
Retained earnings	5,240	5,049
Accumulated other comprehensive income/(loss)	(55)	(18)
Total stockholders' equity	3,308	3,130
Total liabilities and stockholders' equity	$ 4,306	$ 4,195