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Financial Information for Subsidiary Guarantors and Non-Guarantors (Tables) | 3 Months Ended
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Mar. 31, 2016
Financial Information for Subsidiary Guarantors and Non-Guarantors Disclosure [Abstract] |
Balance Sheet |
|  | March 31, 2016 |
|  |  |  |  | Guarantor |  | Non-Guarantor |  |  |  |  |  |  |
Balance Sheet |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | — |  | $ | 239 |  | $ | — |  | $ | 239 |
Trade receivables, net |  |  |  |  |  |  |  |  | 771 |  |  |  |  |  | 771 |
Inventories |  |  |  |  |  |  |  |  | 1,107 |  |  |  |  |  | 1,107 |
Prepaid expenses and other current assets |  |  |  |  |  |  |  |  | 359 |  |  |  |  |  | 359 |
Total current assets |  |  | — |  |  | — |  |  | 2,476 |  |  | — |  |  | 2,476 |
Investments in and advances to subsidiaries |  |  | 1,362 |  |  | 1,105 |  |  |  |  |  | (2,467) |  |  |  |
Property, plant and equipment, net |  |  |  |  |  |  |  |  | 2,996 |  |  |  |  |  | 2,996 |
Goodwill |  |  |  |  |  |  |  |  | 2,532 |  |  |  |  |  | 2,532 |
Intangibles |  |  |  |  |  |  |  |  | 587 |  |  |  |  |  | 587 |
Other assets |  |  |  |  |  |  |  |  | 1,097 |  |  |  |  |  | 1,097 |
Total assets |  | $ | 1,362 |  | $ | 1,105 |  | $ | 9,688 |  | $ | (2,467) |  | $ | 9,688 |
Current liabilities : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term loans and long-term debt due within one year |  | $ | — |  | $ | — |  | $ | 239 |  | $ | — |  | $ | 239 |
Current portion of asbestos liability |  |  | 130 |  |  |  |  |  |  |  |  |  |  |  | 130 |
Accounts payable |  |  |  |  |  |  |  |  | 1,050 |  |  |  |  |  | 1,050 |
Other liabilities |  |  | 7 |  |  |  |  |  | 467 |  |  | (7) |  |  | 467 |
Total current liabilities |  |  | 137 |  |  | — |  |  | 1,756 |  |  | (7) |  |  | 1,886 |
Long-term debt |  |  | 250 |  |  |  |  |  | 5,662 |  |  | (250) |  |  | 5,662 |
Asbestos-related liabilities |  |  | 676 |  |  |  |  |  |  |  |  |  |  |  | 676 |
Other long-term liabilities |  |  |  |  |  |  |  |  | 1,048 |  |  |  |  |  | 1,048 |
Share owners’ equity |  |  | 299 |  |  | 1,105 |  |  | 1,105 |  |  | (2,210) |  |  | 299 |
Noncontrolling interests |  |  |  |  |  |  |  |  | 117 |  |  |  |  |  | 117 |
Total liabilities and share owners’ equity |  | $ | 1,362 |  | $ | 1,105 |  | $ | 9,688 |  | $ | (2,467) |  | $ | 9,688 |
|  | December 31, 2015 |
|  |  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Balance Sheet |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
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 |
Goodwill |  |  |  |  |  |  |  |  | 2,489 |  |  |  |  |  | 2,489 |
Intangibles |  |  |  |  |  |  |  |  | 597 |  |  |  |  |  | 597 |
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 |
|  | March 31, 2015 |
|  |  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Balance Sheet |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | — |  | $ | 257 |  | $ | — |  | $ | 257 |
Trade receivables, net |  |  |  |  |  |  |  |  | 667 |  |  |  |  |  | 667 |
Inventories |  |  |  |  |  |  |  |  | 1,007 |  |  |  |  |  | 1,007 |
Prepaid expenses and other current assets |  |  |  |  |  |  |  |  | 268 |  |  |  |  |  | 268 |
Total current assets |  |  | — |  |  | — |  |  | 2,199 |  |  | — |  |  | 2,199 |
Investments in and advances to subsidiaries |  |  | 1,583 |  |  | 1,326 |  |  |  |  |  | (2,909) |  |  | — |
Property, plant and equipment, net |  |  |  |  |  |  |  |  | 2,337 |  |  |  |  |  | 2,337 |
Goodwill |  |  |  |  |  |  |  |  | 1,752 |  |  |  |  |  | 1,752 |
Other assets |  |  |  |  |  |  |  |  | 1,024 |  |  |  |  |  | 1,024 |
Total assets |  | $ | 1,583 |  | $ | 1,326 |  | $ | 7,312 |  | $ | (2,909) |  | $ | 7,312 |
Current liabilities : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term loans and long-term debt due within one year |  | $ | — |  | $ | — |  | $ | 635 |  | $ | — |  | $ | 635 |
Current portion of asbestos liability |  |  | 143 |  |  |  |  |  |  |  |  |  |  |  | 143 |
Accounts payable |  |  |  |  |  |  |  |  | 919 |  |  |  |  |  | 919 |
Other liabilities |  |  | 7 |  |  |  |  |  | 417 |  |  | (7) |  |  | 417 |
Total current liabilities |  |  | 150 |  |  | — |  |  | 1,971 |  |  | (7) |  |  | 2,114 |
Long-term debt |  |  | 250 |  |  |  |  |  | 2,972 |  |  | (250) |  |  | 2,972 |
Asbestos-related liabilities |  |  | 782 |  |  |  |  |  |  |  |  |  |  |  | 782 |
Other long-term liabilities |  |  |  |  |  |  |  |  | 920 |  |  |  |  |  | 920 |
Share owners’ equity |  |  | 401 |  |  | 1,326 |  |  | 1,326 |  |  | (2,652) |  |  | 401 |
Noncontrolling interests |  |  |  |  |  |  |  |  | 123 |  |  |  |  |  | 123 |
Total liabilities and share owners’ equity |  | $ | 1,583 |  | $ | 1,326 |  | $ | 7,312 |  | $ | (2,909) |  | $ | 7,312 |
Results of Operations and Comprehensive Income |
|  | Three months ended March 31, 2016 |
|  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Results of Operations |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net sales |  | $ | — |  | $ | — |  | $ | 1,588 |  | $ | — |  | $ | 1,588 |
Cost of goods sold |  |  |  |  |  |  |  |  | (1,269) |  |  |  |  |  | (1,269) |
Gross profit |  |  | — |  |  | — |  |  | 319 |  |  | — |  |  | 319 |
Selling and administrative expense |  |  |  |  |  |  |  |  | (129) |  |  |  |  |  | (129) |
Research, development and engineering expense |  |  |  |  |  |  |  |  | (15) |  |  |  |  |  | (15) |
Net intercompany interest |  |  | 5 |  |  |  |  |  | (5) |  |  |  |  |  | — |
Interest expense, net |  |  | (5) |  |  |  |  |  | (61) |  |  |  |  |  | (66) |
Equity earnings from subsidiaries |  |  | 67 |  |  | 67 |  |  |  |  |  | (134) |  |  | — |
Other equity earnings |  |  |  |  |  |  |  |  | 14 |  |  |  |  |  | 14 |
Other expense, net |  |  |  |  |  |  |  |  | (22) |  |  |  |  |  | (22) |
Earnings before income taxes |  |  | 67 |  |  | 67 |  |  | 101 |  |  | (134) |  |  | 101 |
Provision for income taxes |  |  |  |  |  |  |  |  | (27) |  |  |  |  |  | (27) |
Earnings from continuing operations |  |  | 67 |  |  | 67 |  |  | 74 |  |  | (134) |  |  | 74 |
Loss from discontinued operations |  |  |  |  |  |  |  |  | (1) |  |  |  |  |  | (1) |
Net earnings |  |  | 67 |  |  | 67 |  |  | 73 |  |  | (134) |  |  | 73 |
Net (earnings) attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (6) |  |  |  |  |  | (6) |
Net earnings attributable to the Company |  | $ | 67 |  | $ | 67 |  | $ | 67 |  | $ | (134) |  | $ | 67 |
|  | Three months ended March 31, 2016 |
|  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Comprehensive Income |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net earnings |  | $ | 67 |  | $ | 67 |  | $ | 73 |  | $ | (134) |  | $ | 73 |
Other comprehensive income, net |  |  | 50 |  |  | 50 |  |  | 50 |  |  | (100) |  |  | 50 |
Total comprehensive loss |  |  | 117 |  |  | 117 |  |  | 123 |  |  | (234) |  |  | 123 |
Comprehensive income attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (9) |  |  |  |  |  | (9) |
Comprehensive loss attributable to the Company |  | $ | 117 |  | $ | 117 |  | $ | 114 |  | $ | (234) |  | $ | 114 |
|  | Three months ended March 31, 2015 |
|  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Results of Operations |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net sales |  | $ | — |  | $ | — |  | $ | 1,421 |  | $ | — |  | $ | 1,421 |
Cost of goods sold |  |  |  |  |  |  |  |  | (1,153) |  |  |  |  |  | (1,153) |
Gross profit |  |  | — |  |  | — |  |  | 268 |  |  | — |  |  | 268 |
Selling and administrative expense |  |  |  |  |  |  |  |  | (124) |  |  |  |  |  | (124) |
Research, development and engineering expense |  |  |  |  |  |  |  |  | (15) |  |  |  |  |  | (15) |
Net intercompany interest |  |  | 7 |  |  |  |  |  | (7) |  |  |  |  |  | — |
Interest expense, net |  |  | (7) |  |  |  |  |  | (40) |  |  |  |  |  | (47) |
Equity earnings from subsidiaries |  |  | 71 |  |  | 71 |  |  |  |  |  | (142) |  |  | — |
Other equity earnings |  |  |  |  |  |  |  |  | 15 |  |  |  |  |  | 15 |
Other expense, net |  |  |  |  |  |  |  |  | 3 |  |  |  |  |  | 3 |
Earnings before income taxes |  |  | 71 |  |  | 71 |  |  | 100 |  |  | (142) |  |  | 100 |
Provision for income taxes |  |  |  |  |  |  |  |  | (25) |  |  |  |  |  | (25) |
Earnings from continuing operations |  |  | 71 |  |  | 71 |  |  | 75 |  |  | (142) |  |  | 75 |
Loss from discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Net earnings |  |  | 71 |  |  | 71 |  |  | 75 |  |  | (142) |  |  | 75 |
Net (earnings) attributable to noncontrolling interests |  |  |  |  |  |  |  |  | (4) |  |  |  |  |  | (4) |
Net earnings attributable to the Company |  | $ | 71 |  | $ | 71 |  | $ | 71 |  | $ | (142) |  | $ | 71 |
|  | Three months ended March 31, 2015 |
|  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Comprehensive Income |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net earnings |  | $ | 71 |  | $ | 71 |  | $ | 75 |  | $ | (142) |  | $ | 75 |
Other comprehensive income, net |  |  | (216) |  |  | (216) |  |  | (220) |  |  | 432 |  |  | (220) |
Total comprehensive loss |  |  | (145) |  |  | (145) |  |  | (145) |  |  | 290 |  |  | (145) |
Comprehensive income attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Comprehensive loss attributable to the Company |  | $ | (145) |  | $ | (145) |  | $ | (145) |  | $ | 290 |  | $ | (145) |
Cash Flows |
|  | Three months ended March 31, 2016 |
|  |  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Cash Flows |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Cash provided by (utilized in) operating activities |  | $ | 123 |  | $ | — |  | $ | (425) |  | $ | — |  | $ | (302) |
Cash utilized in investing activities |  |  |  |  |  |  |  |  | (133) |  |  |  |  |  | (133) |
Cash provided by (utilized in) financing activities |  |  | (123) |  |  |  |  |  | 399 |  |  |  |  |  | 276 |
Effect of exchange rate change on cash |  |  |  |  |  |  |  |  | (1) |  |  |  |  |  | (1) |
Net change in cash |  |  | — |  |  | — |  |  | (160) |  |  | — |  |  | (160) |
Cash at beginning of period |  |  |  |  |  |  |  |  | 399 |  |  |  |  |  | 399 |
Cash at end of period |  | $ | — |  | $ | — |  | $ | 239 |  | $ | — |  | $ | 239 |
|  | Three months ended March 31, 2015 |
|  |  |  |  |  |  |  | Non- |  |  |  |  |  |  |
|  |  |  |  | Guarantor |  | Guarantor |  |  |  |  |  |  |
Cash Flows |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated |
Cash provided by (utilized in) operating activities |  | $ | (15) |  | $ | — |  | $ | (263) |  | $ | — |  | $ | (278) |
Cash utilized in investing activities |  |  |  |  |  |  |  |  | (157) |  |  |  |  |  | (157) |
Cash provided by financing activities |  |  | 15 |  |  |  |  |  | 192 |  |  |  |  |  | 207 |
Effect of exchange rate change on cash |  |  |  |  |  |  |  |  | (27) |  |  |  |  |  | (27) |
Net change in cash |  |  | — |  |  | — |  |  | (255) |  |  | — |  |  | (255) |
Cash at beginning of period |  |  |  |  |  |  |  |  | 512 |  |  |  |  |  | 512 |
Cash at end of period |  | $ | — |  | $ | — |  | $ | 257 |  | $ | — |  | $ | 257 |

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