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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash, including time deposits of $90 ($114 in 2011) $ 431 $ 400
Receivables, less allowances of $41 ($38 in 2011) for losses and discounts 968 1,158
Inventories 1,139 1,061
Prepaid expenses 110 124
Total current assets 2,648 2,743
Other assets:    
Equity investments 294 315
Repair parts inventories 133 155
Pension assets   116
Other assets 675 687
Goodwill 2,079 2,082
Total other assets 3,181 3,355
Property, plant and equipment:    
Land, at cost 261 269
Buildings and equipment, at cost:    
Buildings and building equipment 1,221 1,226
Factory machinery and equipment 4,861 5,095
Transportation, office and miscellaneous equipment 136 136
Construction in progress 188 173
Property, plant and equipment, at cost 6,667 6,899
Less accumulated depreciation 3,898 4,022
Net property, plant and equipment 2,769 2,877
Total assets 8,598 8,975
Current liabilities:    
Short-term loans 296 330
Accounts payable 1,032 1,038
Salaries and wages 172 149
U.S. and foreign income taxes 43 38
Current portion of asbestos-related liabilities 155 165
Other accrued liabilities 441 449
Long-term debt due within one year 23 76
Total current liabilities 2,162 2,245
Long-term debt 3,454 3,627
Deferred taxes 182 212
Pension benefits 846 871
Nonpension postretirement benefits 264 269
Other liabilities 329 404
Asbestos-related liabilities 306 306
Commitments and contingencies      
Share owners' equity of the Company:    
Common stock, par value $.01 per share, 250,000,000 shares authorized, 181,865,751 and 181,174,050 shares issued (including treasury shares), respectively 2 2
Capital in excess of par value 3,005 2,991
Treasury stock, at cost, 17,901,925 and 16,799,903 shares, respectively (425) (405)
Retained loss (195) (379)
Accumulated other comprehensive loss (1,506) (1,321)
Total share owners' equity of the Company 881 888
Noncontrolling interests 174 153
Total share owners' equity 1,055 1,041
Total liabilities and share owners' equity $ 8,598 $ 8,975