Supplemental Balance Sheet and Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2014

Supplemental balance sheet information at December 31 —



	2014			2013
Other current assets:
Prepaid expenses	$	45		$	43
Deferred tax assets	50			59
Other	16			11
Total	$	111		$	113

Other noncurrent assets:
Amounts recoverable from insurers	$	44		$	47
Deferred tax assets	217			73
Deferred financing costs	30			34
Pension assets, net of related obligations	3			8
Prepaid expenses	11			10
Other	32			24
Total	$	337		$	196

Property, plant and equipment, net:
Land and improvements to land	$	207		$	233
Buildings and building fixtures	420			449
Machinery and equipment	1,700			1,640
Total cost	2,327			2,322
Less: accumulated depreciation	(1,151		)	(1,097		)
Net	$	1,176		$	1,225



	2014		2013
Other accrued liabilities (current):
Non-income taxes payable	$	30	$	31
Warranty reserves	24		31
Work place injury costs	8		8
Asbestos claims obligations	13		13
Dividends payable			4
Deferred income	9		10
Accrued interest	25		40
Environmental	3		5
Payable under forward contracts	20		2
Other expense accruals	53		53
Total	$	185	$	197

Other noncurrent liabilities:
Deferred income tax liability	$	33	$	100
Asbestos claims obligations	68		75
Income tax liability	75		64
Warranty reserves	23		23
Work place injury costs	31		32
Restructuring costs	12		11
Other noncurrent liabilities	37		46
Total	$	279	$	351

Supplemental cash flow information —



	2014			2013			2012
Change in working capital:
Change in accounts receivable	$	(32	)	$	12		$	146
Change in inventories	(56		)	50			38
Change in accounts payable	66			60			(173		)
Change in accrued payroll and employee benefits	13			7			8
Change in accrued income taxes	(2		)	(11		)	23
Change in other current assets and liabilities	(28		)	(14		)	(21		)
Net	$	(39	)	$	104		$	21



Cash paid during the period for:
Interest	$	122	$	72	$	71
Income taxes	$	116	$	136	$	98
Non-cash financing activities:
Stock compensation plans	$	13	$	13	$	15
Conversion of preferred stock into common stock	$	372	$	139	$	—
Conversion of preferred dividends into common stock	$	3	$	1	$	—
Dividends on preferred stock accrued not paid	$	—	$	4	$	8
Per share preferred dividends not paid	$	—	$	1.00	$	1.00