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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | Dec. 31, 2014
--- | --- | --- | --- | ---
Current assets: |  |  |  |
Cash and cash equivalents | $ 239 | $ 399 | $ 257 |
Trade receivables, net of allowance of $31 million, $29 million and $31 million at March 31, 2016, December 31, 2015 and March 31, 2015, respectively | 771 | 562 | 667 |
Inventories | 1,107 | 1,007 | 1,007 |
Prepaid expenses and other current assets | 359 | 366 | 268 |
Total current assets | 2,476 | 2,334 | 2,199 |
Property, plant and equipment, net | 2,996 | 2,961 | 2,337 |
Goodwill | 2,532 | 2,489 | 1,752 |
Intangibles | 587 | 597 |  |
Other assets | 1,097 | 1,040 | 1,024 |
Total assets | 9,688 | 9,421 | 7,312 |
Current liabilities: |  |  |  |
Short-term loans and long-term debt due within one year | 239 | 228 | 635 |
Current portion of asbestos-related liabilities | 130 | 130 | 143 |
Accounts payable | 1,050 | 1,212 | 919 |
Other liabilities | 467 | 552 | 417 |
Total current liabilities | 1,886 | 2,122 | 2,114 |
Long-term debt | 5,662 | 5,345 | 2,972 |
Asbestos-related liabilities | 676 | 687 | 782 |
Other long-term liabilities | 1,048 | 988 | 920 |
Share owners' equity | 416 | 279 | 524 | $ 771
Total liabilities and share owners' equity | $ 9,688 | $ 9,421 | $ 7,312 |

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