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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Assets    
Cash and cash equivalents $ 231 $ 228
Short-term marketable securities 61 96
Restricted cash 50 1
Receivables (net of reserves - $20 and $22) 468 404
Inventories 324 329
Income taxes receivable 3 3
Deferred income taxes 42 43
Other current assets 84 48
Total current assets 1,263 1,152
Long-term marketable securities 21 58
Property, plant and equipment (net of accumulated depreciation and depletion - $1,926 and $1,885) 1,826 1,908
Deferred income taxes 17 19
Equity method investments 681 735
Other assets 122 122
Total assets 3,930 3,994
Liabilities and Stockholders’ Equity    
Accounts payable 246 290
Accrued expenses 205 220
Current portion of long-term debt 0 4
Deferred income taxes 1 0
Income taxes payable 1 1
Litigation settlement accrual 48 48
Total current liabilities 501 563
Long-term debt 2,188 2,205
Deferred income taxes 61 61
Pension and other postretirement benefits 451 491
Other liabilities 253 266
Total liabilities 3,454 3,586
Preferred stock – $1 par value, authorized 36,000,000 shares; outstanding - none 0 0
Common stock – $0.10 par value; authorized 200,000,000 shares; issued: 2015 - 145,570,000 shares; 2014 - 144,768,000 shares 14 14
Treasury stock at cost – 2015 - 121,000 shares; 2014 - 0 shares (3) 0
Additional paid-in capital 3,017 3,014
Accumulated other comprehensive loss (372) (338)
Retained earnings (accumulated deficit) (2,180) (2,283)
Stockholders’ equity of parent 476 407
Noncontrolling interest 0 1
Total stockholders’ equity including noncontrolling interest 476 408
Total liabilities and stockholders’ equity $ 3,930 $ 3,994