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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Sep. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Dec. 31, 2014
--- | --- | --- | --- | --- | --- | ---
Current assets: |  |  |  |  |  |
Cash and cash equivalents | $ 294 |  | $ 399 | $ 270 |  |
Trade receivables, net of allowance of $32 million, $29 million, and $29 million at September 30, 2016, December 31, 2015 and September 30, 2015 | 857 |  | 562 | 753 |  |
Inventories | 1,057 |  | 1,007 | 1,023 |  |
Prepaid expenses and other current assets | 234 |  | 366 | 442 |  |
Total current assets | 2,442 |  | 2,334 | 2,488 |  |
Property, plant and equipment, net | 2,917 |  | 2,961 | 2,874 |  |
Goodwill | 2,534 |  | 2,489 | 2,797 |  |
Intangibles | 490 |  | 597 | 404 |  |
Other assets | 1,114 |  | 1,040 | 991 |  |
Total assets | 9,497 |  | 9,421 | 9,554 |  |
Current liabilities: |  |  |  |  |  |
Short-term loans and long-term debt due within one year | 262 |  | 228 | 250 |  |
Current portion of asbestos-related liabilities | 130 |  | 130 | 143 |  |
Accounts payable | 1,059 |  | 1,212 | 1,004 |  |
Other liabilities | 582 |  | 552 | 527 |  |
Total current liabilities | 2,033 |  | 2,122 | 1,924 |  |
Long-term debt | 5,333 |  | 5,345 | 5,609 |  |
Asbestos-related liabilities | 643 |  | 687 | 738 |  |
Other long-term liabilities | 973 |  | 988 | 909 |  |
Share owners' equity | 515 | $ 458 | 279 | 374 | $ 591 | $ 771
Total liabilities and share owners' equity | $ 9,497 |  | $ 9,421 | $ 9,554 |  |

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