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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Current assets [Abstract]    
Cash and cash equivalents $ 707 $ 791
Marketable securities 30 162
Accounts receivable [Abstract]    
Trade, less allowance for doubtful accounts of $6 in 2016 and $5 in 2015 721 673
Other 110 115
Inventories 638 625
Other current assets 78 65
Total current assets 2,284 2,431
Goodwill 90 80
Intangibles 109 102
Deferred tax assets 588 96
Other noncurrent assets 226 275
Investments in affiliates 150 150
Property, plant and equipment, net 1,413 1,167
Total assets 4,860 4,301
Current liabilities    
Notes payable, including current portion of long-term debt 69 22
Accounts payable 819 712
Accrued payroll and employee benefits 149 145
Taxes on income 15 17
Other accrued liabilities 201 193
Total current liabilities 1,253 1,089
Long-term debt, less debt issuance costs of $21 in 2016 and 2015 1,595 1,553
Pension and postretirement obligations 565 521
Other noncurrent liabilities 205 307
Total liabilities 3,618 3,470
Commitments and contingencies (Note 15)
Parent company stockholders' equity    
Preferred stock, 50,000,000 shares authorized, $0.01 par value, no shares outstanding 0 0
Common stock, 450,000,000 shares authorized, $0.01 par value, 143,938,280 and 150,068,040 shares outstanding 2 2
Additional paid-in capital 2,327 2,311
Retained earnings (accumulated deficit) 195 (410)
Treasury stock, at cost (6,812,784 and 23,963 shares) (83) (1)
Accumulated other comprehensive loss (1,284) (1,174)
Total parent company stockholders' equity 1,157 728
Noncontrolling interests 85 103
Total equity 1,242 831
Total liabilities and equity $ 4,860 $ 4,301