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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Jun. 30, 2011
Current assets:      
Cash and cash equivalents $ 336 $ 400 $ 260
Receivables, less allowances for losses and discounts ($40 at June 30, 2012, $38 at December 31, 2011, and $41 at June 30, 2011) 1,173 1,158 1,322
Inventories 1,223 1,061 1,114
Prepaid expenses 115 124 104
Total current assets 2,847 2,743 2,800
Investments and other assets:      
Equity investments 292 315 330
Repair parts inventories 149 155 156
Pension assets 115 116 63
Other assets 687 687 711
Goodwill 2,023 2,082 2,957
Total other assets 3,266 3,355 4,217
Property, plant and equipment, at cost 6,777 6,899 7,416
Less accumulated depreciation 4,056 4,022 4,240
Net property, plant and equipment 2,721 2,877 3,176
Total assets 8,834 8,975 10,193
Current liabilities:      
Short-term loans and long-term debt due within one year 452 406 371
Current portion of asbestos-related liabilities 165 165 170
Accounts payable 909 1,038 985
Other liabilities 588 636 666
Total current liabilities 2,114 2,245 2,192
Long-term debt 3,567 3,627 3,969
Deferred taxes 204 212 234
Pension benefits 817 871 564
Nonpension postretirement benefits 266 269 259
Other liabilities 374 404 398
Asbestos-related liabilities 248 306 238
Commitments and contingencies         
Share owners' equity of the Company:      
Common stock, par value $.01 per share, 250,000,000 shares authorized, 181,726,093, 181,174,050, and 181,192,253 shares issued (including treasury shares), respectively 2 2 2
Capital in excess of par value 3,000 2,991 2,986
Treasury stock, at cost, 16,656,654, 16,799,903 and 16,991,597 shares, respectively (402) (405) (410)
Retained earnings (loss) (125) (379) 276
Accumulated other comprehensive loss (1,373) (1,321) (672)
Total share owners' equity of the Company 1,102 888 2,182
Noncontrolling interests 142 153 157
Total share owners' equity 1,244 1,041 2,339
Total liabilities and share owners' equity $ 8,834 $ 8,975 $ 10,193