Consolidated Balance Sheet (Unaudited) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 484	$ 425
Accounts receivable
Trade, less allowance for doubtful accounts of $12 in 2023 and $11 in 2022	1,581	1,374
Other	288	202
Inventories	1,731	1,609
Other current assets	247	219
Total current assets	4,331	3,829
Goodwill	262	259
Intangibles	192	201
Deferred tax assets	425	397
Other noncurrent assets	106	123
Investments in affiliates	135	136
Operating lease assets	326	311
Property, plant and equipment, net	2,269	2,193
Total assets	8,046	7,449
Current liabilities
Short-term debt	35	52
Current portion of long-term debt	32	8
Accounts payable	1,966	1,838
Accrued payroll and employee benefits	256	214
Taxes on income	95	54
Current portion of operating lease liabilities	35	36
Other accrued liabilities	301	277
Total current liabilities	2,720	2,479
Long-term debt, less debt issuance costs of $26 in 2023 and $22 in 2022	2,587	2,348
Noncurrent operating lease liabilities	287	277
Pension and postretirement obligations	306	298
Other noncurrent liabilities	252	249
Total liabilities	6,152	5,651
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests	213	195
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, 144,334,974 and 143,366,482 shares outstanding	2	2
Additional paid-in capital	2,244	2,229
Retained earnings	349	321
Treasury stock, at cost (449,505 and zero shares)	(8)
Accumulated other comprehensive loss	(964)	(1,001)
Total parent company stockholders' equity	1,623	1,551
Noncontrolling interests	58	52
Total equity	1,681	1,603
Total liabilities, redeemable noncontrolling interests and equity	$ 8,046	$ 7,449