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Consolidated Balance Sheet (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 881 $ 931
Marketable securities 60 56
Accounts receivable    
Trade, less allowance for doubtful accounts of $8 in 2012 and 2011 1,106 979
Other 183 193
Inventories    
Raw materials 419 388
Work in process and finished goods 452 396
Other current assets 135 106
Total current assets 3,236 3,049
Goodwill 97 100
Intangibles 347 400
Other noncurrent assets 261 273
Investments in affiliates 202 198
Property, plant and equipment, net 1,232 1,285
Total assets 5,375 5,305
Current liabilities    
Notes payable, including current portion of long-term debt 103 71
Accounts payable 1,009 942
Accrued payroll and employee benefits 151 150
Accrued restructuring costs 42 33
Taxes on income 78 46
Other accrued liabilities 236 251
Total current liabilities 1,619 1,493
Long-term debt 851 831
Pension and postretirement obligations 569 762
Other noncurrent liabilities 386 381
Total liabilities 3,425 3,467
Commitments and contingencies (Note 12)      
Parent company stockholders' equity    
Common stock, $0.01 par value, 450,000,000 shares authorized, 147,896,999 and 147,319,438 outstanding 1 1
Additional paid-in capital 2,652 2,643
Accumulated deficit (875) (1,001)
Treasury stock, at cost (712,779 and 645,734 shares) (10) (9)
Accumulated other comprehensive loss (670) (650)
Total parent company stockholders' equity 1,851 1,737
Noncontrolling equity 99 101
Total equity 1,950 1,838
Total liabilities and equity 5,375 5,305
Series A Preferred stock
   
Parent company stockholders' equity    
Preferred stock 242 242
Series B Preferred stock
   
Parent company stockholders' equity    
Preferred stock $ 511 $ 511