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Financial Information for Subsidiary Guarantors and Non-Guarantors (Tables) | 12 Months Ended
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Dec. 31, 2015
Financial Information for Subsidiary Guarantors and Non-Guarantors Disclosure [Abstract] |
Balance Sheet |
|  | December 31, 2015 |
|  | Parent |  | Guarantor |  | Non-Guarantor |  |  |  |  | Consolidated |
Balance Sheet |  | (restated(1)) |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | (restated(1)) |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | — |  | $ | 399 |  | $ | — |  | $ | 399 |
Trade receivables, net |  |  |  |  |  |  |  |  | 562 |  |  |  |  |  | 562 |
Inventories |  |  |  |  |  |  |  |  | 1,007 |  |  |  |  |  | 1,007 |
Prepaid expenses and other current assets |  |  |  |  |  |  |  |  | 366 |  |  |  |  |  | 366 |
Total current assets |  |  | — |  |  | — |  |  | 2,334 |  |  | — |  |  | 2,334 |
Investments in and advances to subsidiaries |  |  | 1,240 |  |  | 988 |  |  |  |  |  | (2,228) |  |  | — |
Property, plant and equipment, net |  |  |  |  |  |  |  |  | 2,961 |  |  |  |  |  | 2,961 |
Intangibles |  |  |  |  |  |  |  |  | 597 |  |  |  |  |  | 597 |
Goodwill |  |  |  |  |  |  |  |  | 2,489 |  |  |  |  |  | 2,489 |
Other assets |  |  |  |  |  |  |  |  | 1,040 |  |  |  |  |  | 1,040 |
Total assets |  | $ | 1,240 |  | $ | 988 |  | $ | 9,421 |  | $ | (2,228) |  | $ | 9,421 |
Current liabilities : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term loans and long-term debt due within one year |  | $ | — |  | $ | — |  | $ | 228 |  | $ | — |  | $ | 228 |
Current portion of asbestos liability |  |  | 130 |  |  |  |  |  |  |  |  |  |  |  | 130 |
Accounts payable |  |  |  |  |  |  |  |  | 1,212 |  |  |  |  |  | 1,212 |
Other liabilities |  |  | 2 |  |  |  |  |  | 552 |  |  | (2) |  |  | 552 |
Total current liabilities |  |  | 132 |  |  | — |  |  | 1,992 |  |  | (2) |  |  | 2,122 |
Long-term debt |  |  | 250 |  |  |  |  |  | 5,345 |  |  | (250) |  |  | 5,345 |
Asbestos-related liabilities |  |  | 687 |  |  |  |  |  |  |  |  |  |  |  | 687 |
Other long-term liabilities |  |  |  |  |  |  |  |  | 988 |  |  |  |  |  | 988 |
Share owners’ equity |  |  | 171 |  |  | 988 |  |  | 988 |  |  | (1,976) |  |  | 171 |
Noncontrolling interests |  |  |  |  |  |  |  |  | 108 |  |  |  |  |  | 108 |
Total liabilities and share owners’ equity |  | $ | 1,240 |  | $ | 988 |  | $ | 9,421 |  | $ | (2,228) |  | $ | 9,421 |
| (1) |  | See Note 1 for restatement information.
|  | December 31, 2014 |
|  |  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  | Parent |  | Guarantor |  | Guarantor |  |  |  |  | Consolidated |
Balance Sheet |  | (restated(1)) |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | (restated(1)) |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | — |  | $ | 512 |  | $ | — |  | $ | 512 |
Trade receivables, net |  |  |  |  |  |  |  |  | 550 |  |  |  |  |  | 550 |
Inventories |  |  |  |  |  |  |  |  | 1,035 |  |  |  |  |  | 1,035 |
Prepaid expenses and other current assets |  |  |  |  |  |  |  |  | 274 |  |  |  |  |  | 274 |
Total current assets |  |  | — |  |  | — |  |  | 2,371 |  |  | — |  |  | 2,371 |
Investments in and advances to subsidiaries |  |  | 1,863 |  |  | 1,593 |  |  |  |  |  | (3,456) |  |  | — |
Property, plant and equipment, net |  |  |  |  |  |  |  |  | 2,445 |  |  |  |  |  | 2,445 |
Goodwill |  |  |  |  |  |  |  |  | 1,893 |  |  |  |  |  | 1,893 |
Other assets |  |  |  |  |  |  |  |  | 1,134 |  |  |  |  |  | 1,134 |
Total assets |  | $ | 1,863 |  | $ | 1,593 |  | $ | 7,843 |  | $ | (3,456) |  | $ | 7,843 |
Current liabilities : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term loans and long-term debt due within one year |  | $ | — |  | $ | — |  | $ | 488 |  | $ | — |  | $ | 488 |
Current portion of asbestos liability |  |  | 143 |  |  |  |  |  |  |  |  |  |  |  | 143 |
Accounts payable |  |  |  |  |  |  |  |  | 1,137 |  |  |  |  |  | 1,137 |
Other liabilities |  |  | 20 |  |  |  |  |  | 560 |  |  | (20) |  |  | 560 |
Total current liabilities |  |  | 163 |  |  | — |  |  | 2,185 |  |  | (20) |  |  | 2,328 |
Long-term debt |  |  | 250 |  |  |  |  |  | 2,957 |  |  | (250) |  |  | 2,957 |
Asbestos-related liabilities |  |  | 796 |  |  |  |  |  |  |  |  |  |  |  | 796 |
Other long-term liabilities |  |  |  |  |  |  |  |  | 991 |  |  |  |  |  | 991 |
Share owners’ equity |  |  | 654 |  |  | 1,593 |  |  | 1,593 |  |  | (3,186) |  |  | 654 |
Noncontrolling interests |  |  |  |  |  |  |  |  | 117 |  |  |  |  |  | 117 |
Total liabilities and share owners’ equity |  | $ | 1,863 |  | $ | 1,593 |  | $ | 7,843 |  | $ | (3,456) |  | $ | 7,843 |
Results of Operations and Comprehensive Income |
|  | Year ended December 31, 2015 |
|  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  | Parent |  | Guarantor |  | Guarantor |  |  |  |  | Consolidated |
Results of Operations |  | (restated(1)) |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | (restated(1)) |
Net sales |  | $ |  |  | $ |  |  | $ | 6,156 |  | $ |  |  | $ | 6,156 |
Cost of goods sold |  |  |  |  |  |  |  |  | (5,046) |  |  |  |  |  | (5,046) |
Gross profit |  |  |  |  |  |  |  |  | 1,110 |  |  |  |  |  | 1,110 |
Selling and administrative expense |  |  |  |  |  |  |  |  | (476) |  |  |  |  |  | (476) |
Research, development and engineering expense |  |  |  |  |  |  |  |  | (64) |  |  |  |  |  | (64) |
Net intercompany interest |  |  | 20 |  |  |  |  |  | (20) |  |  |  |  |  | — |
Interest expense, net |  |  | (20) |  |  |  |  |  | (231) |  |  |  |  |  | (251) |
Equity earnings from subsidiaries |  |  | 151 |  |  | 151 |  |  |  |  |  | (302) |  |  | — |
Other equity earnings |  |  |  |  |  |  |  |  | 60 |  |  |  |  |  | 60 |
Other expense, net |  |  | (16) |  |  |  |  |  | (95) |  |  |  |  |  | (111) |
Earnings before income taxes |  |  | 135 |  |  | 151 |  |  | 284 |  |  | (302) |  |  | 268 |
Provision for income taxes |  |  |  |  |  |  |  |  | (106) |  |  |  |  |  | (106) |
Earnings from continuing operations |  |  | 135 |  |  | 151 |  |  | 178 |  |  | (302) |  |  | 162 |
Loss from discontinued operations |  |  |  |  |  |  |  |  | (4) |  |  |  |  |  | (4) |
Net earnings |  |  | 135 |  |  | 151 |  |  | 174 |  |  | (302) |  |  | 158 |
Net earnings attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (23) |  |  |  |  |  | (23) |
Net earnings attributable to the Company |  | $ | 135 |  | $ | 151 |  | $ | 151 |  | $ | (302) |  | $ | 135 |
| (1) |  | See Note 1 for restatement information.
|  | Year ended December 31, 2015 |
|  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  | Parent |  | Guarantor |  | Guarantor |  |  |  |  | Consolidated |
Comprehensive Income |  | (restated(1)) |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | (restated(1)) |
Net earnings |  | $ | 135 |  | $ | 151 |  | $ | 174 |  | $ | (302) |  | $ | 158 |
Other comprehensive loss, net |  |  | (539) |  |  | (539) |  |  | (539) |  |  | 1,078 |  |  | (539) |
Total comprehensive loss |  |  | (404) |  |  | (388) |  |  | (365) |  |  | 776 |  |  | (381) |
Comprehensive income attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (7) |  |  |  |  |  | (7) |
Comprehensive loss attributable to the Company |  | $ | (404) |  | $ | (388) |  | $ | (372) |  | $ | 776 |  | $ | (388) |
| (1) |  | See Note 1 for restatement information.
|  | Year ended December 31, 2014 |
|  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  | Parent |  | Guarantor |  | Guarantor |  |  |  |  | Consolidated |
Results of Operations |  | (restated(1)) |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | (restated(1)) |
Net sales |  | $ | — |  | $ | — |  | $ | 6,784 |  | $ | — |  | $ | 6,784 |
Cost of goods sold |  |  |  |  |  |  |  |  | (5,531) |  |  |  |  |  | (5,531) |
Gross profit |  |  |  |  |  |  |  |  | 1,253 |  |  |  |  |  | 1,253 |
Selling and administrative expense |  |  |  |  |  |  |  |  | (523) |  |  |  |  |  | (523) |
Research, development and engineering expense |  |  |  |  |  |  |  |  | (63) |  |  |  |  |  | (63) |
Net intercompany interest |  |  | 20 |  |  |  |  |  | (20) |  |  |  |  |  | — |
Interest expense, net |  |  | (20) |  |  |  |  |  | (210) |  |  |  |  |  | (230) |
Equity earnings from subsidiaries |  |  | 210 |  |  | 210 |  |  |  |  |  | (420) |  |  | — |
Other equity earnings |  |  |  |  |  |  |  |  | 64 |  |  |  |  |  | 64 |
Other expense, net |  |  | (46) |  |  |  |  |  | (148) |  |  |  |  |  | (194) |
Earnings before income taxes |  |  | 164 |  |  | 210 |  |  | 353 |  |  | (420) |  |  | 307 |
Provision for income taxes |  |  |  |  |  |  |  |  | (92) |  |  |  |  |  | (92) |
Earnings from continuing operations |  |  | 164 |  |  | 210 |  |  | 261 |  |  | (420) |  |  | 215 |
Loss from discontinued operations |  |  |  |  |  |  |  |  | (23) |  |  |  |  |  | (23) |
Net earnings |  |  | 164 |  |  | 210 |  |  | 238 |  |  | (420) |  |  | 192 |
Net earnings attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (28) |  |  |  |  |  | (28) |
Net earnings attributable to the Company |  | $ | 164 |  | $ | 210 |  | $ | 210 |  | $ | (420) |  | $ | 164 |
| (1) |  | See Note 1 for restatement information.
|  | Year ended December 31, 2014 |
|  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  | Parent |  | Guarantor |  | Guarantor |  |  |  |  | Consolidated |
Comprehensive Income |  | (restated(1)) |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | (restated(1)) |
Net earnings |  | $ | 164 |  | $ | 210 |  | $ | 238 |  | $ | (420) |  | $ | 192 |
Other comprehensive loss, net |  |  | (394) |  |  | (394) |  |  | (394) |  |  | 788 |  |  | (394) |
Total comprehensive loss |  |  | (230) |  |  | (184) |  |  | (156) |  |  | 368 |  |  | (202) |
Comprehensive income attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (7) |  |  |  |  |  | (7) |
Comprehensive loss attributable to the Company |  | $ | (230) |  | $ | (184) |  | $ | (163) |  | $ | 368 |  | $ | (209) |
| (1) |  | See Note 1 for restatement information.
|  | Year ended December 31, 2013 |
|  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  | Parent |  | Guarantor |  | Guarantor |  |  |  |  | Consolidated |
Results of Operations |  | (restated(1)) |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | (restated(1)) |
Net sales |  | $ | — |  | $ | — |  | $ | 6,967 |  | $ | — |  | $ | 6,967 |
Cost of goods sold |  |  |  |  |  |  |  |  | (5,636) |  |  |  |  |  | (5,636) |
Gross profit |  |  | — |  |  | — |  |  | 1,331 |  |  | — |  |  | 1,331 |
Selling and administrative expense |  |  |  |  |  |  |  |  | (506) |  |  |  |  |  | (506) |
Research, development and engineering expense |  |  |  |  |  |  |  |  | (62) |  |  |  |  |  | (62) |
Net intercompany interest |  |  | 20 |  |  |  |  |  | (20) |  |  |  |  |  | — |
Interest expense, net |  |  | (20) |  |  |  |  |  | (209) |  |  |  |  |  | (229) |
Equity earnings from subsidiaries |  |  | 329 |  |  | 329 |  |  |  |  |  | (658) |  |  | — |
Other equity earnings |  |  |  |  |  |  |  |  | 67 |  |  |  |  |  | 67 |
Other expense, net |  |  | (12) |  |  |  |  |  | (121) |  |  |  |  |  | (133) |
Earnings before income taxes |  |  | 317 |  |  | 329 |  |  | 480 |  |  | (658) |  |  | 468 |
Provision for income taxes |  |  |  |  |  |  |  |  | (120) |  |  |  |  |  | (120) |
Earnings from continuing operations |  |  | 317 |  |  | 329 |  |  | 360 |  |  | (658) |  |  | 348 |
Loss from discontinued operations |  |  |  |  |  |  |  |  | (18) |  |  |  |  |  | (18) |
Net earnings |  |  | 317 |  |  | 329 |  |  | 342 |  |  | (658) |  |  | 330 |
Net earnings attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (13) |  |  |  |  |  | (13) |
Net earnings attributable to the Company |  | $ | 317 |  | $ | 329 |  | $ | 329 |  | $ | (658) |  | $ | 317 |
| (1) |  | See Note 1 for restatement information.
|  | Year ended December 31, 2013 |
|  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  | Parent |  | Guarantor |  | Guarantor |  |  |  |  | Consolidated |
Comprehensive Income |  | (restated(1)) |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | (restated(1)) |
Net earnings |  | $ | 317 |  | $ | 329 |  | $ | 342 |  | $ | (658) |  | $ | 330 |
Other comprehensive income, net |  |  | 379 |  |  | 379 |  |  | 379 |  |  | (758) |  |  | 379 |
Total comprehensive income |  |  | 696 |  |  | 708 |  |  | 721 |  |  | (1,416) |  |  | 709 |
Comprehensive income (loss) attributable to noncontrolling interests |  |  | 6 |  |  | — |  |  | (7) |  |  | (6) |  |  | (7) |
Comprehensive income attributable to the Company |  | $ | 702 |  | $ | 708 |  | $ | 714 |  | $ | (1,422) |  | $ | 702 |
Cash Flows |
|  | Year ended December 31, 2015 |
|  |  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Cash Flows |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Cash provided by (utilized in) operating activities |  | $ | 87 |  | $ | — |  | $ | 521 |  | $ | — |  | $ | 608 |
Cash utilized in investing activities |  |  |  |  |  |  |  |  | (2,748) |  |  |  |  |  | (2,748) |
Cash provided by financing activities |  |  | (87) |  |  |  |  |  | 2,144 |  |  |  |  |  | 2,057 |
Effect of exchange rate change on cash |  |  |  |  |  |  |  |  | (30) |  |  |  |  |  | (30) |
Net change in cash |  |  | — |  |  | — |  |  | (113) |  |  | — |  |  | (113) |
Cash at beginning of period |  |  |  |  |  |  |  |  | 512 |  |  |  |  |  | 512 |
Cash at end of period |  | $ | — |  | $ | — |  | $ | 399 |  | $ | — |  | $ | 399 |
|  | Year ended December 31, 2014 |
|  |  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Cash Flows |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Cash provided by (utilized in) operating activities |  | $ | (148) |  | $ | — |  | $ | 823 |  | $ | — |  | $ | 675 |
Cash utilized in investing activities |  |  |  |  |  |  |  |  | (455) |  |  |  |  |  | (455) |
Cash provided by (utilized in) financing activities |  |  | 148 |  |  |  |  |  | (218) |  |  |  |  |  | (70) |
Effect of exchange rate change on cash |  |  |  |  |  |  |  |  | (21) |  |  |  |  |  | (21) |
Net change in cash |  |  | — |  |  | — |  |  | 129 |  |  | — |  |  | 129 |
Cash at beginning of period |  |  |  |  |  |  |  |  | 383 |  |  |  |  |  | 383 |
Cash at end of period |  | $ | — |  | $ | — |  | $ | 512 |  | $ | — |  | $ | 512 |
|  | Year ended December 31, 2013 |
|  |  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Cash Flows |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Cash provided by (utilized in) operating activities |  | $ | (158) |  | $ | — |  | $ | 840 |  | $ | — |  | $ | 682 |
Cash utilized in investing activities |  |  |  |  |  |  |  |  | (402) |  |  |  |  |  | (402) |
Cash provided by (utilized in) financing activities |  |  | 158 |  |  |  |  |  | (479) |  |  |  |  |  | (321) |
Effect of exchange rate change on cash |  |  |  |  |  |  |  |  | (7) |  |  |  |  |  | (7) |
Net change in cash |  |  | — |  |  | — |  |  | (48) |  |  | — |  |  | (48) |
Cash at beginning of period |  |  |  |  |  |  |  |  | 431 |  |  |  |  |  | 431 |
Cash at end of period |  | $ | — |  | $ | — |  | $ | 383 |  | $ | — |  | $ | 383 |

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