v3.20.1
Combined Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents (L) $ 635 $ 72
Restricted cash (L) 593 0
Receivables from customers, less allowances of $1 in 2020 and $2 in 2019 (A) 690 384
Other receivables 109 136
Inventories (J) 844 820
Prepaid expenses and other current assets 42 28
Total current assets 2,913 1,440
Properties, plants, and equipment 7,018 7,210
Less: accumulated depreciation and amortization 4,337 4,466
Properties, plants, and equipment, net 2,681 2,744
Goodwill 374 386
Operating lease right-of-use assets (K) 124 125
Deferred income taxes 327 14
Other noncurrent assets 50 32
Total assets 6,469 4,741
Current liabilities:    
Accounts payable, trade 938 1,061
Accrued compensation and retirement costs 126 80
Taxes, including income taxes 34 21
Environmental remediation (N) 81 83
Operating lease liabilities (K) 33 33
Other current liabilities 61 63
Long-term debt due within one year (L) 6 0
Total current liabilities 1,279 1,341
Long-term debt, less amount due within one year (L) 1,419 250
Accrued pension benefits (G) 1,369 63
Accrued other postretirement benefits (G) 502 1
Environmental remediation (N) 127 125
Operating lease liabilities (K) 95 96
Deferred income taxes 9 87
Other noncurrent liabilities and deferred credits 43 50
Total liabilities 4,843 2,013
Contingencies and commitments (N)
Equity    
Parent Company net investment (A) 3,045 2,419
Accumulated other comprehensive (loss) income (I) (1,432) 295
Sub-total equity 1,613 2,714
Noncontrolling interest 13 14
Total equity 1,626 2,728
Total liabilities and equity $ 6,469 $ 4,741