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Consolidated Balance Sheet (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets [Abstract]    
Cash and cash equivalents $ 339,000,000 $ 603,000,000
Marketable securities 37,000,000 40,000,000
Accounts receivable [Abstract]    
Trade, less allowance for doubtful accounts of $9 in 2018 and $8 in 2017 1,231,000,000 994,000,000
Other 180,000,000 172,000,000
Inventories 1,046,000,000 969,000,000
Other current assets 104,000,000 97,000,000
Current assets of disposal group held for sale 10,000,000 7,000,000
Total current assets 2,947,000,000 2,882,000,000
Goodwill 211,000,000 127,000,000
Intangibles 177,000,000 174,000,000
Deferred tax assets 453,000,000 420,000,000
Other noncurrent assets 70,000,000 71,000,000
Investments in affiliates 260,000,000 163,000,000
Property, plant and equipment, net 1,806,000,000 1,807,000,000
Total assets 5,924,000,000 5,644,000,000
Current liabilities [Abstract]    
Short-term debt 24,000,000 17,000,000
Current portion of long-term debt 20,000,000 23,000,000
Accounts payable 1,244,000,000 1,165,000,000
Accrued payroll and employee benefits 187,000,000 219,000,000
Taxes on income 85,000,000 53,000,000
Other accrued liabilities 246,000,000 220,000,000
Current liabilities of disposal group held for sale 6,000,000 5,000,000
Total current liabilities 1,812,000,000 1,702,000,000
Long-term debt, less debt issuance costs of $20 in 2018 and $22 in 2017 1,765,000,000 1,759,000,000
Pension and postretirement obligations 578,000,000 607,000,000
Other noncurrent liabilities 367,000,000 413,000,000
Noncurrent liabilities of disposal group held for sale 2,000,000 2,000,000
Total liabilities 4,524,000,000 4,483,000,000
Commitments and contingencies (Note 15)
Redeemable noncontrolling interests 149,000,000 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, 144,544,641 and 144,984,050 shares outstanding 2,000,000 2,000,000
Additional paid-in capital 2,356,000,000 2,354,000,000
Retained earnings 290,000,000 86,000,000
Treasury stock, at cost (8,255,763 and 7,001,017 shares) (118,000,000) (87,000,000)
Accumulated other comprehensive loss (1,385,000,000) (1,342,000,000)
Total parent company stockholders' equity 1,145,000,000 1,013,000,000
Noncontrolling interests 106,000,000 101,000,000
Total equity 1,251,000,000 1,114,000,000
Total liabilities and equity $ 5,924,000,000 $ 5,644,000,000