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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Statement of Financial Position [Abstract]    
Cash and cash equivalents $ 11 $ 11
Trade (net of allowance for doubtful receivables 2020: $-; 2019: $-) 16 26
Allowance for doubtful accounts 0 0
Related companies 694 658
Other 21 17
Income taxes receivable 336 337
Notes receivable from related companies 1,498 1,505
Inventories 231 247
Other current assets 25 20
Total current assets 2,832 2,821
Investments in related companies 237 238
Other investments 22 22
Noncurrent receivables 122 118
Noncurrent receivables from related companies 66 66
Total investments 447 444
Property 7,289 7,247
Less accumulated depreciation 5,970 5,878
Net property 1,319 1,369
Intangible assets (net of accumulated amortization 2020: $92; 2019: $90) 18 22
Finite-Lived Intangible Assets, Accumulated Amortization 96 90
Operating lease right-of-use assets 81 89
Deferred Tax Assets, Deferred Income 486 507
Deferred charges and other assets 29 26
Total other assets 614 644
Total Assets 5,212 5,278
Notes payable - related companies 18 32
Notes Payable - Other 11 6
Long-term debt due within one year 1 1
Trade 214 218
Related companies 324 386
Other 26 10
Operating lease liabilities - current 15 16
Income taxes payable 25 25
Asbestos-related liabilities - current 90 105
Accrued and other current liabilities 156 126
Total current liabilities 880 925
Long-Term Debt 390 473
Pension and other postretirement benefits - noncurrent 1,110 1,154
Asbestos-related liabilities - noncurrent 1,027 1,060
Operating lease liabilities - noncurrent 67 74
Other noncurrent obligations 192 194
Liabilities, Other than Long-term Debt, Noncurrent 2,396 2,482
Common stock (authorized: 1,000 shares of $0.01 par value each; issued: 935.51 shares) $ 0 $ 0
Common stock, shares authorized 1,000 1,000
Common stock, par value $ 0.01 $ 0.01
Common stock, shares issued 935.51 935.51
Additional paid-in capital $ 141 $ 141
Retained earnings 3,008 2,922
Accumulated other comprehensive loss (1,603) (1,665)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 1,546 1,398
Total Liabilities and Equity $ 5,212 $ 5,278