v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 360 $ 504
Receivables, less allowances for discounts and doubtful accounts of $27 and $34 in 2013 and 2012, respectively 792 776
Inventories, net 471 443
Prepaid and other current assets 113 110
Deferred income tax assets 43 41
Total current assets 1,779 1,874
Property, plant and equipment, net 470 487
Goodwill 1,674 1,647
Other intangible assets, net 498 484
Other non-current assets 190 187
Total assets 4,611 4,679
Current liabilities:    
Accounts payable 311 332
Accrued and other current liabilities 420 443
Short-term borrowings and current maturities of long-term debt 5 6
Total current liabilities 736 781
Long-term debt 1,199 1,199
Accrued postretirement benefits 393 400
Deferred income tax liabilities 179 173
Other non-current accrued liabilities 52 52
Total liabilities 2,559 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 1,718 1,706
Retained earnings 308 264
Treasury stock – at cost 1.1 shares and 0.5 shares in 2013 and 2012, respectively (31) (13)
Accumulated other comprehensive income 55 115
Total stockholders’ equity 2,052 2,074
Total liabilities and stockholders’ equity $ 4,611 $ 4,679