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Consolidated Balance Sheet (Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets [Abstract]    
Cash and cash equivalents $ 479,000,000 $ 603,000,000
Marketable securities 41,000,000 40,000,000
Accounts receivable [Abstract]    
Trade, less allowance for doubtful accounts of $7 in 2018 and $8 in 2017 1,266,000,000 994,000,000
Other 235,000,000 172,000,000
Inventories 1,032,000,000 969,000,000
Other current assets 102,000,000 97,000,000
Current assets of disposal group held for sale 9,000,000 7,000,000
Total current assets 3,164,000,000 2,882,000,000
Goodwill 130,000,000 127,000,000
Intangibles 172,000,000 174,000,000
Deferred tax assets 407,000,000 420,000,000
Other noncurrent assets 74,000,000 71,000,000
Investments in affiliates 171,000,000 163,000,000
Property, plant and equipment, net 1,827,000,000 1,807,000,000
Total assets 5,945,000,000 5,644,000,000
Current liabilities [Abstract]    
Short-term debt 10,000,000 17,000,000
Current portion of long-term debt 29,000,000 23,000,000
Accounts payable 1,301,000,000 1,165,000,000
Accrued payroll and employee benefits 178,000,000 219,000,000
Taxes on income 58,000,000 53,000,000
Other accrued liabilities 278,000,000 220,000,000
Current liabilities of disposal group held for sale 7,000,000 5,000,000
Total current liabilities 1,861,000,000 1,702,000,000
Long-term debt, less debt issuance costs of $21 in 2018 and $22 in 2017 1,755,000,000 1,759,000,000
Pension and postretirement obligations 604,000,000 607,000,000
Other noncurrent liabilities 459,000,000 413,000,000
Noncurrent liabilities of disposal group held for sale 2,000,000 2,000,000
Total liabilities 4,681,000,000 4,483,000,000
Commitments and contingencies (Note 15)
Redeemable noncontrolling interests 49,000,000 47,000,000
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, 145,465,858 and 144,984,050 shares outstanding 2,000,000 2,000,000
Additional paid-in capital 2,350,000,000 2,354,000,000
Retained earnings 181,000,000 86,000,000
Treasury stock, at cost (7,191,700 and 7,001,017 shares) (93,000,000) (87,000,000)
Accumulated other comprehensive loss (1,336,000,000) (1,342,000,000)
Total parent company stockholders' equity 1,104,000,000 1,013,000,000
Noncontrolling interests 111,000,000 101,000,000
Total equity 1,215,000,000 1,114,000,000
Total liabilities and equity $ 5,945,000,000 $ 5,644,000,000