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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 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: $-) 25 26
Related companies 997 698
Other 34 27
Income taxes receivable 277 337
Notes receivable from related companies 862 1,660
Inventories 252 223
Other current assets 50 17
Total current assets 2,508 2,999
Investments in related companies 237 237
Other investments 22 22
Noncurrent receivables 126 124
Noncurrent receivables from related companies 69 66
Total investments 454 449
Property 7,145 7,089
Less accumulated depreciation 5,908 5,824
Net property 1,237 1,265
Intangible assets (net of accumulated amortization 2020: $92; 2019: $90) 14 16
Operating lease right-of-use assets 114 123
Deferred Tax Assets, Deferred Income 438 494
Deferred charges and other assets 37 29
Total other assets 603 662
Total Assets 4,802 5,375
Notes payable - related companies 31 33
Long-term debt due within one year 3 2
Trade 334 229
Related companies 380 409
Other 19 28
Operating lease liabilities - current 18 19
Income taxes payable 22 23
Asbestos-related liabilities - current 85 85
Accrued and other current liabilities 134 139
Total current liabilities 1,026 967
Long-Term Debt 393 391
Pension and other postretirement benefits - noncurrent 648 1,340
Asbestos-related liabilities - noncurrent 975 1,013
Operating lease liabilities - noncurrent 97 105
Other noncurrent obligations 225 201
Liabilities, Other than Long-term Debt, Noncurrent 1,945 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 2,963 2,987
Accumulated other comprehensive loss (1,666) (1,770)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 1,438 1,358
Total Liabilities and Equity $ 4,802 $ 5,375