XML 81 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash, including time deposits of $61 ($90 in 2012) $ 383 $ 431
Receivables 943 968
Inventories 1,117 1,139
Prepaid expenses 107 110
Total current assets 2,550 2,648
Other assets:    
Equity investments 315 294
Repair parts inventories 116 133
Pension assets 68  
Other assets 679 675
Goodwill 2,059 2,079
Total other assets 3,237 3,181
Property, plant and equipment:    
Land, at cost 254 261
Buildings and equipment, at cost:    
Buildings and building equipment 1,197 1,221
Factory machinery and equipment 4,651 4,861
Transportation, office and miscellaneous equipment 123 136
Construction in progress 213 188
Property, plant and equipment, at cost 6,438 6,667
Less accumulated depreciation 3,806 3,898
Net property, plant and equipment 2,632 2,769
Total assets 8,419 8,598
Current liabilities:    
Short-term loans 306 296
Accounts payable 1,144 1,032
Salaries and wages 169 172
U.S. and foreign income taxes 38 43
Current portion of asbestos-related liabilities 150 155
Other accrued liabilities 431 441
Long-term debt due within one year 16 23
Total current liabilities 2,254 2,162
Long-term debt 3,245 3,454
Deferred taxes 196 182
Pension benefits 350 846
Nonpension postretirement benefits 187 264
Other liabilities 286 329
Asbestos-related liabilities 298 306
Commitments and contingencies      
Share owners' equity of the Company:    
Common stock, par value $.01 per share, 250,000,000 shares authorized, 183,500,295 and 181,865,751 shares issued (including treasury shares), respectively 2 2
Capital in excess of par value 3,040 3,005
Treasury stock, at cost, 18,785,613 and 17,901,925 shares, respectively (454) (425)
Retained loss (11) (195)
Accumulated other comprehensive loss (1,121) (1,506)
Total share owners' equity of the Company 1,456 881
Noncontrolling interests 147 174
Total share owners' equity 1,603 1,055
Total liabilities and share owners' equity $ 8,419 $ 8,598