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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Statement of Financial Position [Abstract]    
Cash and Cash Equivalents, at Carrying Value $ 11 $ 11
Trade (net of allowance for doubtful receivables 2020: $-; 2019: $-) 24 26
Related companies 709 698
Other 35 27
Income taxes receivable 375 337
Notes receivable from related companies 1,055 1,660
Inventories 248 223
Other current assets 19 17
Total current assets 2,476 2,999
Investments in related companies 237 237
Other investments 22 22
Noncurrent receivables 129 124
Noncurrent receivables from related companies 68 66
Total investments 456 449
Property 7,111 7,089
Less accumulated depreciation 5,865 5,824
Net property 1,246 1,265
Intangible assets (net of accumulated amortization 2020: $92; 2019: $90) 15 16
Operating lease right-of-use assets 119 123
Deferred Tax Assets, Deferred Income 472 494
Deferred charges and other assets 38 29
Total other assets 644 662
Total Assets 4,822 5,375
Notes payable - related companies 29 33
Long-term debt due within one year 2 2
Trade 260 229
Related companies 533 409
Other 16 28
Operating lease liabilities - current 19 19
Income taxes payable 22 23
Asbestos-related liabilities - current 85 85
Accrued and other current liabilities 127 139
Total current liabilities 1,093 967
Long-Term Debt 391 391
Pension and other postretirement benefits - noncurrent 680 1,340
Asbestos-related liabilities - noncurrent 995 1,013
Operating lease liabilities - noncurrent 101 105
Other noncurrent obligations 209 201
Liabilities, Other than Long-term Debt, Noncurrent 1,985 2,659
Common stock (authorized: 1,000 shares of $0.01 par value each; issued: 935.51 shares) 0 0
Additional paid-in capital 141 141
Retained earnings 2,898 2,987
Accumulated other comprehensive loss (1,686) (1,770)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 1,353 1,358
Total Liabilities and Equity $ 4,822 $ 5,375