XML 49 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Mar. 31, 2012
Current assets:      
Cash and cash equivalents $ 359 $ 431 $ 299
Receivables, less allowances for losses and discounts ($41 at March 31, 2013, $41 at December 31, 2012, and $42 at March 31, 2012) 1,047 968 1,199
Inventories 1,178 1,139 1,237
Prepaid expenses 99 110 130
Total current assets 2,683 2,648 2,865
Investments and other assets:      
Equity investments 293 294 316
Repair parts inventories 137 133 153
Pension assets     121
Other assets 676 675 695
Goodwill 2,048 2,079 2,127
Total other assets 3,154 3,181 3,412
Property, plant and equipment, at cost 6,509 6,667 7,049
Less accumulated depreciation 3,829 3,898 4,165
Net property, plant and equipment 2,680 2,769 2,884
Total assets 8,517 8,598 9,161
Current liabilities:      
Short-term loans and long-term debt due within one year 347 319 406
Current portion of asbestos-related liabilities 155 155 165
Accounts payable 904 1,032 943
Other liabilities 523 656 602
Total current liabilities 1,929 2,162 2,116
Long-term debt 3,550 3,454 3,724
Deferred taxes 184 182 214
Pension benefits 825 846 856
Nonpension postretirement benefits 262 264 270
Other liabilities 323 329 410
Asbestos-related liabilities 289 306 276
Commitments and contingencies         
Share owners' equity of the Company:      
Common stock, par value $.01 per share, 250,000,000 shares authorized, 182,355,917, 181,865,751, and 181,658,637 shares issued (including treasury shares), respectively 2 2 2
Capital in excess of par value 3,013 3,005 2,996
Treasury stock, at cost, 17,861,154, 17,901,925, and 16,732,262 shares, respectively (424) (425) (404)
Retained loss (126) (195) (258)
Accumulated other comprehensive loss (1,485) (1,506) (1,205)
Total share owners' equity of the Company 980 881 1,131
Noncontrolling interests 175 174 164
Total share owners' equity 1,155 1,055 1,295
Total liabilities and share owners' equity $ 8,517 $ 8,598 $ 9,161