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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 25 $ 23
Accounts receivable:    
Trade (net of allowance for doubtful receivables - 2015: $-; 2014: $-) 18 29
Related companies 1,227 1,285
Other 57 67
Income taxes receivable 508 476
Notes receivable from related companies 1,238 1,292
Inventories 368 378
Deferred income taxes and other current assets 123 139
Total current assets 3,564 3,689
Investments    
Investments in related companies 813 813
Investments in nonconsolidated affiliates 12 13
Other investments 7 8
Noncurrent receivables 44 44
Noncurrent receivables from related companies 98 131
Total investments 974 1,009
Property    
Property 6,947 6,831
Less accumulated depreciation 5,717 5,679
Net property 1,230 1,152
Other Assets    
Intangible assets (net of accumulated amortization 2015: $73; 2014: $73) 18 15
Deferred income tax assets - noncurrent 427 441
Asbestos-related insurance receivables - noncurrent 54 62
Deferred charges and other assets 30 45
Total other assets 529 563
Total Assets 6,297 6,413
Current Liabilities    
Notes payable - related companies 29 43
Notes payable - other 1 0
Long-term debt due within one year 1 1
Accounts payable:    
Trade 273 248
Related companies 666 872
Other 19 17
Income taxes payable 20 20
Asbestos-related liabilities - current 90 105
Accrued and other current liabilities 179 192
Total current liabilities 1,278 1,498
Long-Term Debt 480 481
Other Noncurrent Liabilities    
Pension and other postretirement benefits - noncurrent 1,036 1,051
Asbestos-related liabilities - noncurrent 391 438
Other noncurrent obligations 145 136
Total other noncurrent liabilities 1,572 1,625
Stockholder's Equity    
Common stock (authorized and issued: 1,000 shares of $0.01 par value each) 0 0
Additional paid-in capital 312 312
Retained earnings 3,874 3,740
Accumulated other comprehensive loss (1,219) (1,243)
Total Liabilities and Equity $ 6,297 $ 6,413