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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 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 1,285 1,394
Other 31 29
Income taxes receivable 211 306
Notes receivable from related companies 1,115 988
Inventories 290 250
Other current assets 36 41
Total current assets 3,030 3,068
Investments in related companies 237 237
Other investments 22 22
Noncurrent receivables 87 83
Noncurrent receivables from related companies 67 68
Total investments 413 410
Property 7,208 7,168
Less accumulated depreciation 6,035 5,960
Net property 1,173 1,208
Intangible assets (net of accumulated amortization 2020: $92; 2019: $90) 10 13
Operating lease right-of-use assets 112 122
Deferred Tax Assets, Deferred Income 268 288
Deferred charges and other assets 41 47
Total other assets 431 470
Total Assets 5,047 5,156
Notes payable - related companies 30 30
Long-term debt due within one year 132 3
Trade 396 362
Related companies 686 622
Other 41 27
Operating lease liabilities - current 20 20
Income taxes payable 30 25
Asbestos-related liabilities - current 90 85
Accrued and other current liabilities 142 171
Total current liabilities 1,567 1,345
Long-Term Debt 262 392
Pension and other postretirement benefits - noncurrent 445 491
Asbestos-related liabilities - noncurrent 887 931
Operating lease liabilities - noncurrent 93 103
Other noncurrent obligations 256 230
Liabilities, Other than Long-term Debt, Noncurrent 1,681 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 2,909 3,074
Accumulated other comprehensive loss (1,513) (1,551)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 1,537 1,664
Total Liabilities and Equity $ 5,047 $ 5,156