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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets [Abstract]    
Cash and cash equivalents $ 510 $ 603
Marketable securities 21 40
Accounts receivable [Abstract]    
Trade, less allowance for doubtful accounts of $9 in 2018 and $8 in 2017 1,065 994
Other 178 172
Inventories 1,031 969
Other current assets 102 97
Current assets of disposal group held for sale 7
Total current assets 2,907 2,882
Goodwill 264 127
Intangibles 164 174
Deferred tax assets 445 420
Other noncurrent assets 80 71
Investments in affiliates 208 163
Property, plant and equipment, net 1,850 1,807
Total assets 5,918 5,644
Current liabilities    
Short-term debt 8 17
Current portion of long-term debt 20 23
Accounts payable 1,217 1,165
Accrued payroll and employee benefits 186 219
Taxes on income 47 53
Other accrued liabilities 269 220
Current liabilities of disposal group held for sale 5
Total current liabilities 1,747 1,702
Long-term debt, less debt issuance costs of $18 in 2018 and $22 in 2017 1,755 1,759
Pension and postretirement obligations 561 607
Other noncurrent liabilities 313 413
Noncurrent liabilities of disposal group held for sale 2
Total liabilities 4,376 4,483
Commitments and contingencies (Note 16)
Redeemable noncontrolling interests 100 47
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, 144,663,403 and 144,984,050 shares outstanding 2 2
Additional paid-in capital 2,368 2,354
Retained earnings 456 86
Treasury stock, at cost (8,342,185 and 7,001,017 shares) (119) (87)
Accumulated other comprehensive loss (1,362) (1,342)
Total parent company stockholders' equity 1,345 1,013
Noncontrolling interests 97 101
Total equity 1,442 1,114
Total liabilities and equity $ 5,918 $ 5,644