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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Statement of Financial Position [Abstract]    
Cash and Cash Equivalents, at Carrying Value $ 11 $ 11
Trade (net of allowance for doubtful receivables 2020: $-; 2019: $-) 21 16
Accounts Receivable from Related Companies 1,111 700
Other 17 14
Income taxes receivable 26 238
Notes receivable from related companies 659 799
Inventories 251 227
Other current assets 26 36
Total current assets 2,122 2,041
Investments in related companies 237 237
Other investments 14 15
Noncurrent receivables 69 99
Noncurrent receivables from related companies 1,598 1,598
Total investments 1,918 1,949
Property 5,480 5,406
Less accumulated depreciation 4,540 4,512
Net property 940 894
Intangible assets (net of accumulated amortization 2020: $92; 2019: $90) 7 7
Operating lease right-of-use assets 82 85
Deferred Tax Assets, Deferred Income 246 257
Deferred charges and other assets 33 39
Total other assets 368 388
Total Assets 5,348 5,272
Notes payable to related companies 24 68
Notes Payable - Other 0 1
Long-term debt due within one year 1 1
Trade 314 286
Accounts Payable to Related Company 464 420
Other 17 12
Operating lease liabilities - current 17 17
Income taxes payable 35 30
Asbestos-related liabilities - current 82 80
Accrued and other current liabilities 107 116
Total current liabilities 1,061 1,031
Long-Term Debt 259 259
Pension and other postretirement benefits - noncurrent 385 395
Asbestos-related liabilities - noncurrent 762 787
Operating lease liabilities - noncurrent 65 68
Other noncurrent obligations 554 567
Liabilities, Other than Long-term Debt, Noncurrent 1,766 1,817
Common stock (authorized: 1,000 shares of $0.01 par value each; issued: 935.51 shares) 0 0
Additional paid-in capital 1,034 1,034
Retained earnings 2,560 2,474
Accumulated other comprehensive loss (1,332) (1,343)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 2,262 2,165
Total Liabilities and Equity $ 5,348 $ 5,272