XML 17 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Jun. 30, 2012
Current assets:      
Cash and cash equivalents $ 249 $ 431 $ 336
Receivables, less allowances for losses and discounts ($42 at June 30, 2013, $41 at December 31, 2012, and $40 at June 30, 2012) 1,159 968 1,173
Inventories 1,175 1,139 1,223
Prepaid expenses 110 110 115
Total current assets 2,693 2,648 2,847
Investments and other assets:      
Equity investments 290 294 292
Repair parts inventories 129 133 149
Pension assets     115
Other assets 667 675 687
Goodwill 2,031 2,079 2,023
Total other assets 3,117 3,181 3,266
Property, plant and equipment, at cost 6,420 6,667 6,777
Less accumulated depreciation 3,820 3,898 4,056
Net property, plant and equipment 2,600 2,769 2,721
Total assets 8,410 8,598 8,834
Current liabilities:      
Short-term loans and long-term debt due within one year 437 319 452
Current portion of asbestos-related liabilities 155 155 165
Accounts payable 982 1,032 909
Other liabilities 545 656 588
Total current liabilities 2,119 2,162 2,114
Long-term debt 3,336 3,454 3,567
Deferred taxes 190 182 204
Pension benefits 805 846 817
Nonpension postretirement benefits 199 264 266
Other liabilities 310 329 374
Asbestos-related liabilities 257 306 248
Commitments and contingencies         
Share owners' equity of the Company:      
Common stock, par value $.01 per share, 250,000,000 shares authorized, 182,510,982, 181,865,751, and 181,726,093 shares issued (including treasury shares), respectively 2 2 2
Capital in excess of par value 3,018 3,005 3,000
Treasury stock, at cost, 18,152,290, 17,901,925, and 16,656,654 shares, respectively (433) (425) (402)
Retained earnings (loss) 6 (195) (125)
Accumulated other comprehensive loss (1,559) (1,506) (1,373)
Total share owners' equity of the Company 1,034 881 1,102
Noncontrolling interests 160 174 142
Total share owners' equity 1,194 1,055 1,244
Total liabilities and share owners' equity $ 8,410 $ 8,598 $ 8,834