v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 375 $ 504
Receivables, less allowances for discounts and doubtful accounts of $27 and $34 in 2013 and 2012, respectively 767 776
Inventories, net 461 443
Prepaid and other current assets 111 110
Deferred income tax assets 43 41
Total current assets 1,757 1,874
Property, plant and equipment, net 474 487
Goodwill 1,669 1,647
Other intangible assets, net 504 484
Other non-current assets 185 187
Total assets 4,589 4,679
Current liabilities:    
Accounts payable 309 332
Accrued and other current liabilities 406 443
Short-term borrowings and current maturities of long-term debt 6 6
Total current liabilities 721 781
Long-term debt 1,199 1,199
Accrued postretirement benefits 397 400
Deferred income tax liabilities 179 173
Other non-current accrued liabilities 53 52
Total liabilities 2,549 2,605
Commitments and contingencies (Note 17)      
Stockholders’ equity:    
Common Stock: Authorized 750.0, issued 186.3 shares and 186.2 shares in 2013 and 2012, respectively 2 2
Capital in excess of par value 1,711 1,706
Retained earnings 283 264
Treasury stock – at cost 1.0 shares and 0.5 shares in 2013 and 2012, respectively (28) (13)
Accumulated other comprehensive income 72 115
Total stockholders’ equity 2,040 2,074
Total liabilities and stockholders’ equity $ 4,589 $ 4,679