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Consolidated Balance Sheet (Current Period Unaudited) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 384 $ 559
Marketable securities 59 21
Accounts receivable    
Trade, less allowance for doubtful accounts of $6 in 2021 and $7 in 2020 1,353 1,201
Other 270 231
Inventories 1,435 1,149
Other current assets 149 127
Total current assets 3,650 3,288
Goodwill 490 479
Intangibles 248 236
Deferred tax assets 628 611
Other noncurrent assets 128 169
Investments in affiliates 144 152
Operating lease assets 194 190
Property, plant and equipment, net 2,197 2,251
Total assets 7,679 7,376
Current liabilities    
Short-term debt 21 26
Current portion of long-term debt 8 8
Accounts payable 1,568 1,331
Accrued payroll and employee benefits 228 190
Taxes on income 48 35
Current portion of operating lease liabilities 40 43
Other accrued liabilities 287 308
Total current liabilities 2,200 1,941
Long-term debt, less debt issuance costs of $29 in 2021 and $27 in 2020 2,400 2,420
Noncurrent operating lease liabilities 160 154
Pension and postretirement obligations 466 479
Other noncurrent liabilities 320 368
Total liabilities 5,546 5,362
Commitments and contingencies (Note 14)
Redeemable noncontrolling interests 194 180
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, 145,227,689 and 144,515,658 shares outstanding 2 2
Additional paid-in capital 2,420 2,408
Retained earnings 617 530
Treasury stock, at cost (10,658,640 and 10,442,582 shares) (161) (156)
Accumulated other comprehensive loss (1,007) (1,026)
Total parent company stockholders' equity 1,871 1,758
Noncontrolling interests 68 76
Total equity 1,939 1,834
Total liabilities and equity $ 7,679 $ 7,376