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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Statement of Financial Position [Abstract]    
Cash and Cash Equivalents, at Carrying Value $ 10 $ 11
Trade (net of allowance for doubtful receivables 2020: $-; 2019: $-) 52 49
Related companies 1,228 1,394
Other 23 29
Income taxes receivable 305 306
Notes receivable from related companies 1,150 988
Inventories 253 250
Other current assets 31 41
Total current assets 3,052 3,068
Investments in related companies 237 237
Other investments 22 22
Noncurrent receivables 86 83
Noncurrent receivables from related companies 67 68
Total investments 412 410
Property 7,184 7,168
Less accumulated depreciation 5,997 5,960
Net property 1,187 1,208
Intangible assets (net of accumulated amortization 2020: $92; 2019: $90) 12 13
Operating lease right-of-use assets 117 122
Deferred Tax Assets, Deferred Income 275 288
Deferred charges and other assets 42 47
Total other assets 446 470
Total Assets 5,097 5,156
Notes payable - related companies 33 30
Long-term debt due within one year 3 3
Trade 331 362
Related companies 533 622
Other 23 27
Operating lease liabilities - current 20 20
Income taxes payable 95 25
Asbestos-related liabilities - current 90 85
Accrued and other current liabilities 131 171
Total current liabilities 1,259 1,345
Long-Term Debt 391 392
Pension and other postretirement benefits - noncurrent 468 491
Asbestos-related liabilities - noncurrent 915 931
Operating lease liabilities - noncurrent 98 103
Other noncurrent obligations 255 230
Liabilities, Other than Long-term Debt, Noncurrent 1,736 1,755
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 3,104 3,074
Accumulated other comprehensive loss (1,534) (1,551)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 1,711 1,664
Total Liabilities and Equity $ 5,097 $ 5,156