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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Assets    
Cash and cash equivalents $ 333 $ 228
Short-term marketable securities 89 96
Restricted cash 9 1
Receivables (net of reserves - $21 and $22) 432 404
Inventories 316 329
Income taxes receivable 5 3
Deferred income taxes 43 43
Other current assets 86 48
Total current assets 1,313 1,152
Long-term marketable securities 28 58
Property, plant and equipment (net of accumulated depreciation and depletion - $1,944 and $1,885) 1,806 1,908
Deferred income taxes 15 19
Equity method investment, long-term 657 735
Other assets 118 122
Total assets 3,937 3,994
Liabilities and Stockholders’ Equity    
Accounts payable 251 290
Accrued expenses 207 220
Current portion of long-term debt 0 4
Deferred income taxes 2 0
Income taxes payable 3 1
Litigation settlement accrual 9 48
Total current liabilities 472 563
Long-term debt 2,188 2,205
Deferred income taxes 60 61
Pension and other postretirement benefits 453 491
Other liabilities 248 266
Total liabilities 3,421 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 - 145,645,000 shares; 2014 - 144,768,000 shares 15 14
Additional paid-in capital 3,022 3,014
Accumulated other comprehensive loss (415) (338)
Retained earnings (accumulated deficit) (2,106) (2,283)
Stockholders’ equity of parent 516 407
Noncontrolling interest 0 1
Total stockholders’ equity including noncontrolling interest 516 408
Total liabilities and stockholders’ equity $ 3,937 $ 3,994