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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]    
Cash and Cash Equivalents, at Carrying Value $ 10 $ 10
Trade (net of allowance for doubtful receivables 2020: $-; 2019: $-) 34 40
Accounts Receivable from Related Companies 820 766
Other 25 24
Income taxes receivable 210 211
Notes receivable from related companies 793 958
Inventories 294 256
Other current assets 37 38
Total current assets 2,223 2,303
Investments in related companies 237 237
Other investments 16 23
Noncurrent receivables 90 91
Noncurrent receivables from related companies 60 61
Total investments 403 412
Property 7,155 7,104
Less accumulated depreciation 5,956 5,922
Net property 1,199 1,182
Intangible assets (net of accumulated amortization 2020: $92; 2019: $90) 8 9
Operating lease right-of-use assets 105 107
Deferred Tax Assets, Deferred Income 240 239
Deferred charges and other assets 38 37
Total other assets 391 392
Total Assets 4,216 4,289
Notes payable to related companies 23 51
Notes Payable - Other 4 4
Long-term debt due within one year 133 132
Trade 323 284
Accounts Payable to Related Company 394 411
Other 19 16
Operating lease liabilities - current 22 21
Income taxes payable 53 33
Asbestos-related liabilities - current 85 90
Accrued and other current liabilities 142 145
Total current liabilities 1,198 1,187
Long-Term Debt 260 262
Pension and other postretirement benefits - noncurrent 292 298
Asbestos-related liabilities - noncurrent 844 857
Operating lease liabilities - noncurrent 84 87
Other noncurrent obligations 274 254
Liabilities, Other than Long-term Debt, Noncurrent 1,494 1,496
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 2,515 2,605
Accumulated other comprehensive loss (1,392) (1,402)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 1,264 1,344
Total Liabilities and Equity $ 4,216 $ 4,289