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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Sep. 30, 2018
Current assets:      
Cash and cash equivalents $ 273 $ 512 $ 440
Trade receivables, net of allowance of $31 million, $35 million, and $35 million at September 30, 2019, December 31, 2018 and September 30, 2018 968 549 992
Inventories 1,015 1,018 973
Prepaid expenses and other current assets 278 278 259
Total current assets 2,534 2,357 2,664
Property, plant and equipment, net 3,104 3,085 3,044
Goodwill 1,893 2,513 2,549
Intangibles, net 404 400 422
Other assets 1,613 1,344 1,261
Total assets 9,548 9,699 9,940
Current liabilities:      
Accounts payable 1,064 1,321 1,048
Short-term loans and long-term debt due within one year 376 160 152
Current portion of asbestos-related liabilities 125 160 100
Other liabilities 630 566 604
Other liabilities - discontinued operations     115
Total current liabilities 2,195 2,207 2,019
Long-term debt 5,512 5,181 5,487
Asbestos-related liabilities 342 442 442
Other long-term liabilities 1,063 969 925
Share owners' equity 436 900 1,067
Total liabilities and share owners' equity $ 9,548 $ 9,699 $ 9,940