Consolidated Balance Sheet (Unaudited) - USD ($)
|
Mar. 31, 2018 |
Dec. 31, 2017 |
| Current assets [Abstract] |
|
|
| Cash and cash equivalents |
$ 479,000,000
|
$ 603,000,000
|
| Marketable securities |
41,000,000
|
40,000,000
|
| Accounts receivable [Abstract] |
|
|
| Trade, less allowance for doubtful accounts of $7 in 2018 and $8 in 2017 |
1,266,000,000
|
994,000,000
|
| Other |
235,000,000
|
172,000,000
|
| Inventories |
1,032,000,000
|
969,000,000
|
| Other current assets |
102,000,000
|
97,000,000
|
| Current assets of disposal group held for sale |
9,000,000
|
7,000,000
|
| Total current assets |
3,164,000,000
|
2,882,000,000
|
| Goodwill |
130,000,000
|
127,000,000
|
| Intangibles |
172,000,000
|
174,000,000
|
| Deferred tax assets |
407,000,000
|
420,000,000
|
| Other noncurrent assets |
74,000,000
|
71,000,000
|
| Investments in affiliates |
171,000,000
|
163,000,000
|
| Property, plant and equipment, net |
1,827,000,000
|
1,807,000,000
|
| Total assets |
5,945,000,000
|
5,644,000,000
|
| Current liabilities [Abstract] |
|
|
| Short-term debt |
10,000,000
|
17,000,000
|
| Current portion of long-term debt |
29,000,000
|
23,000,000
|
| Accounts payable |
1,301,000,000
|
1,165,000,000
|
| Accrued payroll and employee benefits |
178,000,000
|
219,000,000
|
| Taxes on income |
58,000,000
|
53,000,000
|
| Other accrued liabilities |
278,000,000
|
220,000,000
|
| Current liabilities of disposal group held for sale |
7,000,000
|
5,000,000
|
| Total current liabilities |
1,861,000,000
|
1,702,000,000
|
| Long-term debt, less debt issuance costs of $21 in 2018 and $22 in 2017 |
1,755,000,000
|
1,759,000,000
|
| Pension and postretirement obligations |
604,000,000
|
607,000,000
|
| Other noncurrent liabilities |
459,000,000
|
413,000,000
|
| Noncurrent liabilities of disposal group held for sale |
2,000,000
|
2,000,000
|
| Total liabilities |
4,681,000,000
|
4,483,000,000
|
| Commitments and contingencies (Note 15) |
|
|
| Redeemable noncontrolling interests |
49,000,000
|
47,000,000
|
| Parent company stockholders' equity |
|
|
| Preferred stock, 50,000,000 shares authorized, $0.01 par value, no shares outstanding |
0
|
0
|
| Common stock, 450,000,000 shares authorized, $0.01 par value, 145,465,858 and 144,984,050 shares outstanding |
2,000,000
|
2,000,000
|
| Additional paid-in capital |
2,350,000,000
|
2,354,000,000
|
| Retained earnings |
181,000,000
|
86,000,000
|
| Treasury stock, at cost (7,191,700 and 7,001,017 shares) |
(93,000,000)
|
(87,000,000)
|
| Accumulated other comprehensive loss |
(1,336,000,000)
|
(1,342,000,000)
|
| Total parent company stockholders' equity |
1,104,000,000
|
1,013,000,000
|
| Noncontrolling interests |
111,000,000
|
101,000,000
|
| Total equity |
1,215,000,000
|
1,114,000,000
|
| Total liabilities and equity |
$ 5,945,000,000
|
$ 5,644,000,000
|