XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Balance Sheet (Current Period Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 483 $ 559
Marketable securities 26 21
Accounts receivable    
Trade, less allowance for doubtful accounts of $6 in 2021 and $7 in 2020 1,428 1,201
Other 237 231
Inventories 1,260 1,149
Other current assets 139 127
Total current assets 3,573 3,288
Goodwill 488 479
Intangibles 250 236
Deferred tax assets 613 611
Other noncurrent assets 153 169
Investments in affiliates 149 152
Operating lease assets 192 190
Property, plant and equipment, net 2,184 2,251
Total assets 7,602 7,376
Current liabilities    
Short-term debt 26 26
Current portion of long-term debt 8 8
Accounts payable 1,536 1,331
Accrued payroll and employee benefits 203 190
Taxes on income 44 35
Current portion of operating lease liabilities 42 43
Other accrued liabilities 311 308
Total current liabilities 2,170 1,941
Long-term debt, less debt issuance costs of $26 in 2021 and $27 in 2020 2,420 2,420
Noncurrent operating lease liabilities 157 154
Pension and postretirement obligations 463 479
Other noncurrent liabilities 340 368
Total liabilities 5,550 5,362
Redeemable noncontrolling interests 182 180
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, 145,142,687 and 144,515,658 shares outstanding 2 2
Additional paid-in capital 2,415 2,408
Retained earnings 583 530
Treasury stock, at cost (10,657,998 and 10,442,582 shares) (161) (156)
Accumulated other comprehensive loss (1,044) (1,026)
Total parent company stockholders' equity 1,795 1,758
Noncontrolling interests 75 76
Total equity 1,870 1,834
Total liabilities and equity $ 7,602 $ 7,376