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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 01, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 744 $ 763
Receivables, net 688 687
Inventories 1,179 1,279
Prepaid expenses and other current assets 130 102
Current assets of discontinued operations 183 142
Total current assets 2,924 2,973
Property and equipment, net 586 601
Goodwill 363 363
Other intangible assets, net 32 33
Timber notes receivable 879 885
Deferred income taxes 432 466
Other assets 219 219
Total assets 5,435 5,540
Current liabilities:    
Trade accounts payable 835 893
Accrued expenses and other current liabilities 888 1,002
Income taxes payable 3 3
Short-term borrowings and current maturities of long-term debt 28 29
Current liabilities of discontinued operations 92 104
Total current liabilities 1,846 2,031
Deferred income taxes and other long-term liabilities 351 361
Pension and postretirement obligations, net 139 140
Long-term debt, net of current maturities 353 358
Non-recourse debt 792 798
Total liabilities 3,481 3,688
Commitments and contingencies
Stockholders' equity:    
Common stock-authorized 800,000,000 shares of $.01 par value; issued shares - 561,635,744 at April 1, 2017 and 557,892,568 at December 31, 2016 6 6
Additional paid-in capital 2,609 2,618
Accumulated other comprehensive loss (123) (129)
Accumulated deficit (338) (453)
Treasury stock, at cost - 44,995,746 shares at April 1, 2017 and 42,802,998 shares at December 31, 2016 (200) (190)
Total stockholders'equity 1,954 1,852
Total liabilities and stockholders' equity $ 5,435 $ 5,540