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Consolidated Balance Sheet (USD $)
In Millions
Jun. 30, 2011
Dec. 31, 2010
Current assets    
Cash and cash equivalents $ 718 $ 1,090
Marketable securities 58 54
Accounts receivable    
Trade, less allowance for doubtful accounts of $11 in 2011 and 2010 1,124 816
Other 176 184
Inventories    
Raw materials 387 327
Work in process and finished goods 430 381
Other current assets 98 81
Total current assets 2,991 2,933
Goodwill 112 104
Intangibles 481 352
Investments and other assets 267 238
Investments in affiliates 269 123
Property, plant and equipment, net 1,377 1,351
Total assets 5,497 5,101
Current liabilities    
Notes payable, including current portion of long-term debt 51 167
Accounts payable 1,021 779
Accrued payroll and employee benefits 148 144
Accrued restructuring costs 39 28
Taxes on income 53 38
Other accrued liabilities 246 251
Total current liabilities 1,558 1,407
Long-term debt 867 780
Pension and postretirement obligations 746 740
Other noncurrent liabilities 401 388
Total liabilities 3,572 3,315
Commitments and contingencies (Note 13)    
Preferred stock, 50,000,000 shares authorized    
Common stock, $.01 par value, 450,000,000 shares authorized, 146,866,944 and 144,126,032 outstanding 1 1
Additional paid-in capital 2,637 2,613
Accumulated deficit (1,166) (1,189)
Treasury stock, at cost (512,004 and 379,631 shares) (7) (4)
Accumulated other comprehensive loss (397) (496)
Total parent company stockholders' equity 1,821 1,687
Noncontrolling equity 104 99
Total equity 1,925 1,786
Total liabilities and equity 5,497 5,101
Series A Preferred stock
   
Preferred stock, 50,000,000 shares authorized    
Preferred stock 242 242
Series B Preferred stock
   
Preferred stock, 50,000,000 shares authorized    
Preferred stock $ 511 $ 520