Federal-mogul (FDML) 10-Q 26 Oct 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 26, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Trading Symbol	FDML
Entity Registrant Name	FEDERAL-MOGUL HOLDINGS CORPORATION
Entity Central Index Key	1,419,581
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		169,040,651

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Net sales	$ 1,825	$ 1,824	$ 5,646	$ 5,621
Cost of products sold	(1,550)	(1,561)	(4,779)	(4,817)
Gross profit	275	263	867	804
Selling, general and administrative expenses	(203)	(193)	(616)	(596)
Goodwill and intangible impairment expense, net (Note 10)	0	(56)	(6)	(50)
Restructuring charges and asset impairments, net (Note 3)	(8)	(24)	(32)	(67)
Amortization expense (Note 10)	(15)	(16)	(44)	(45)
Other income (expense), net (Note 4)	3	0	15	(3)
Operating income (loss)	52	(26)	184	43
Interest expense, net	(37)	(36)	(110)	(103)
Equity earnings of nonconsolidated affiliates (Note 11)	11	9	44	37
Income (loss) from continuing operations before income taxes	26	(53)	118	(23)
Income tax (expense) benefit (Note 14)	(10)	(9)	(33)	(32)
Income (loss) income from continuing operations	16	(62)	85	(55)
Gain from discontinued operations, net of income tax	0	0	0	7
Net income (loss)	16	(62)	85	(48)
Net (income) attributable to noncontrolling interests	(1)	(1)	(4)	(4)
Net income (loss) attributable to Federal-Mogul	15	(63)	81	(52)
Amounts attributable to Federal-Mogul:
Net income (loss) from continuing operations	15	(63)	81	(59)
Gain from discontinued operations, net of income tax	0	0	0	7
Net income (loss) attributable to Federal-Mogul	$ 15	$ (63)	$ 81	$ (52)
Net income (loss) per common share attributable to Federal-Mogul
Net income (loss) from continuing operations (in dollars per share)	$ 0.09	$ (0.37)	$ 0.48	$ (0.36)
Gain from discontinued operations, net of income tax (in dollars per share)	0	0	0	0.04
Earnings per share, basic and diluted (in dollars per share)	$ 0.09	$ (0.37)	$ 0.48	$ (0.32)

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ 16	$ (62)	$ 85	$ (48)
Other comprehensive income (loss), net of tax (Note 16)
Foreign currency translation adjustments	5	(92)	(10)	(189)
Cash flow hedging income (loss), net	1	0	2	(1)
Postemployment benefits	5	8	12	30
Other comprehensive income (loss), net of tax	11	(84)	4	(160)
Comprehensive income (loss)	27	(146)	89	(208)
Comprehensive (income) loss attributable to noncontrolling interests	(2)	3	(9)	2
Comprehensive income (loss) attributable to Federal-Mogul	$ 25	$ (143)	$ 80	$ (206)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 330	$ 194
Accounts receivable, net	1,341	1,374
Inventories, net (Note 9)	1,339	1,342
Prepaid expenses and other current assets	206	188
Total current assets	3,216	3,098
Property, plant and equipment, net	2,400	2,353
Goodwill and other indefinite-lived intangible assets (Note 10)	907	903
Definite-lived intangible assets, net (Note 10)	360	404
Investments in nonconsolidated affiliates (Note 11)	275	296
Other noncurrent assets	159	174
Total assets	7,317	7,228
Current liabilities:
Short-term debt, including current portion of long-term debt (Note 12)	174	138
Accounts payable	899	901
Accrued liabilities	571	582
Current portion of pensions and other postemployment benefits liability	41	40
Other current liabilities	145	159
Total current liabilities	1,830	1,820
Long-term debt (Note 12)	2,937	2,914
Pensions and other postemployment benefits liability	1,101	1,123
Long-term portion of deferred income taxes	367	367
Other accrued liabilities	91	102
Shareholders’ equity:
Preferred stock ($0.01 par value; 90,000,000 authorized shares; none issued)	0	0
Common stock ($0.01 par value; 450,100,000 authorized shares; 170,636,151 issued shares and 169,040,651 outstanding shares as of September 30, 2016 and December 31, 2015)	2	2
Additional paid-in capital	2,899	2,899
Accumulated deficit	(715)	(796)
Accumulated other comprehensive loss	(1,319)	(1,318)
Treasury stock, at cost	(17)	(17)
Total Federal-Mogul shareholders’ equity	850	770
Noncontrolling interests	141	132
Total shareholders’ equity	991	902
Total liabilities and shareholders' equity	$ 7,317	$ 7,228

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	90,000,000	90,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	450,100,000	450,100,000
Common stock, shares issued	170,636,151	170,636,151
Common stock, shares outstanding	169,040,651	169,040,651

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash Provided From (Used By) Operating Activities
Net (loss) income	$ 85	$ (48)
Adjustments to reconcile net income to net cash provided from (used by) operating activities:
Depreciation and amortization	275	254
Restructuring charges and asset impairments, net	32	67
Payments against restructuring liabilities	(38)	(48)
Goodwill and intangible asset impairment expense, net	6	50
Equity earnings of nonconsolidated affiliates	(44)	(37)
Cash dividends received from nonconsolidated affiliates	71	6
Change in pensions and postemployment benefits	(27)	(61)
Deferred tax expense (benefit)	4	(4)
Loss on sale of equity method investment	0	11
Gain from discontinued operations	0	(7)
Gain from sales of property, plant and equipment	(8)	(4)
Unrealized foreign currency transaction losses	1	0
Changes in operating assets and liabilities:
Accounts receivable	45	(80)
Inventories	20	(175)
Accounts payable	8	40
Other assets and liabilities	(36)	11
Net Cash Provided From (Used by) Operating Activities	394	(25)
Cash Provided From (Used By) Investing Activities
Expenditures for property, plant and equipment	(283)	(326)
Payments to acquire businesses, net of cash acquired	(24)	(365)
Net proceeds from sale of equity method investment	0	15
Net proceeds from sales of property, plant and equipment	12	8
Transfer of cash balances upon disposition of operations held for sale	(12)	0
Net proceeds from sale of shares in consolidated subsidiary	2	0
Capital investment in nonconsolidated affiliates	(1)	0
Net Cash Provided From (Used By) Investing Activities	(306)	(668)
Cash Provided From (Used By) Financing Activities
Proceeds from equity rights offering net of related fees	0	250
Proceeds from borrowings on revolving lines of credit	350	543
Payments on revolving lines of credit	(272)	(208)
Proceeds from term loans, net of original issue discount	54	0
Principal payments on term loans	(74)	(20)
Decrease in other long-term debt	0	(3)
Increase in short-term debt	1	19
Net remittances on servicing of factoring arrangements	0	(2)
Net Cash Provided From (Used By) Financing Activities	59	579
Effect of foreign currency exchange rate fluctuations on cash	(23)	2
Cash and equivalents at beginning of period	194	332
Cash from operations held for sale at January 1	12	0
Increase (decrease) in cash and equivalents	124	(112)
Cash and equivalents at end of period	330	220
Non-cash financing and investing activities:
Change in accrued property and equipment additions	$ (15)	$ (12)

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	DESCRIPTION OF BUSINESS Federal-Mogul Holdings Corporation (the "Company") was incorporated as a Delaware Corporation in 2014. The Company is a leading global supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction, and safety systems. The Company serves the world’s foremost original equipment manufacturers (“OEM”) and servicers (“OES”) (collectively, “OE”) of automotive, light, medium and heavy-duty commercial vehicles, off-road, agricultural, marine, rail, aerospace, power generation and industrial equipment, as well as the worldwide aftermarket. Proposed Merger Transaction On September 6, 2016, the Company, American Entertainment Properties Corp., a Delaware corporation (“AEP”), and IEH FM Holdings LLC, a Delaware limited liability company (“Merger Sub”) entered into an Agreement and Plan of Merger (the "Merger Agreement"). Pursuant to the Merger Agreement, and upon the terms and subject to the conditions thereof, Merger Sub commenced a cash tender offer (the "Offer) to acquire, subject to the terms and conditions of the Merger Agreement, all of the issued and outstanding shares of the Company’s common stock, par value $0.01 per share, not already owned by AEP, Merger Sub, the Company, and their respective affiliates, for a purchase price of $9.25 per share, net to the seller in cash, without interest, less any applicable tax withholding. The Offer will expire at 12:00 midnight, New York City time, on October 28, 2016 (one minute after 11:59 P.M., New York City Time, on October 28, 2016), unless further extended. Complete terms and conditions of the Offer are set forth in AEP and Merger Sub's Offer to Purchase and Letter of Transmittal and the Company's Solicitation/Recommendation Statement on Schedule 14D-9 and other materials filed with the Securities and Exchange Commission on September 26, 2016, each as subsequently amended.

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTNING POLICIES	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation - Interim Financial Statements The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations. These statements include all adjustments (consisting of normal recurring adjustments) management believes are necessary for a fair presentation of the results of operations, comprehensive income, financial position, and cash flows. The Company’s management believes the disclosures are adequate to make the information presented not misleading when read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 filed on February 29, 2016 and the Company's Amended Annual Reports on Form 10-K/A for the year ended December 31, 2015 filed on March 30, 2016 and April 29, 2016. Operating results for the nine months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ended December 31, 2016. Principles of Consolidation: The Company consolidates into its financial statements all wholly-owned and any partially-owned subsidiaries the Company has the ability to control. Control generally equates to ownership percentage, whereby investments more than 50% owned are consolidated, investments in affiliates of 50% or less but greater than 20% are accounted for using the equity method, and investments in affiliates of 20% or less are accounted for using the cost method. See Note 11, Investment in Nonconsolidated Affiliates , for discussion regarding the Company's subsidiaries that were subject to regulatory control. The Company does not consolidate any entity for which it has a variable interest based solely on power to direct the activities and significant participation in the entity’s expected results that would not otherwise be consolidated based on control through voting interests. Further, the Company’s affiliates are businesses established and maintained in connection with the Company's operating strategy. All intercompany transactions and balances have been eliminated. Reclassifications: Certain reclassifications from the prior year presentation have been made to conform to the current year presentation. Concentrations of Credit Risk: Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of accounts receivable, cash deposits, cash equivalents, and derivatives. The Company’s customer base includes virtually every significant global light and commercial vehicle manufacturer and a large number of distributors, installers, and retailers of automotive aftermarket parts. The Company’s credit evaluation process and the geographical dispersion of sales transactions help to mitigate credit risk concentration. The Company only utilizes well-known and highly creditworthy financial institutions for cash deposits and investments in cash equivalents or as a counterparty to derivative transactions. Factoring of Accounts Receivable: The Company's subsidiaries in Brazil, France, Germany, Italy, Canada, and the United States are party to accounts receivable factoring and securitization facilities. Amounts factored under these facilities consist of the following: September 30 December 31 2016 2015 Gross accounts receivable factored $ 519 $ 408 Gross accounts receivable factored, qualifying as sales $ 510 $ 401 Undrawn cash on factored accounts receivable $ 1 $ 1 Proceeds from the factoring of accounts receivable qualifying as sales and expenses associated with the factoring of receivables are as follows: Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Proceeds from factoring qualifying as sales $ 311 $ 380 $ 1,153 $ 1,180 Financing charges $ (2 ) (3 ) $ (9 ) $ (7 ) Accounts receivable factored but not qualifying as a sale were pledged as collateral and accounted for as secured borrowings and recorded in the condensed consolidated balance sheets within “Accounts receivable, net” and “Short-term debt, including the current portion of long-term debt.” The financing charges are recorded in the condensed consolidated statements of operations within “Other income (expense), net.” Where the Company receives a fee to service and monitor these transferred receivables, such fees are sufficient to offset the costs and as such, a servicing asset or liability is not recorded as a result of such activities. Certain of the facilities contain terms that require the Company to share in the credit risk of the factored receivables. The maximum exposures to the Company associated with these certain facilities’ terms were $5 million and $11 million as of September 30, 2016 and December 31, 2015 . Changes in Accounting Principle In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-03, Simplifying the Presentation of Debt Issuance Costs . The accounting guidance requires debt issuance costs related to a recognized debt liability be reported in the consolidated balance sheets as a direct deduction from the carrying amount of that debt liability. The guidance is effective retrospectively and the Company has adopted this guidance in the first quarter of 2016. The adoption of this accounting guidance to the consolidated and condensed consolidated financial statements is summarized below: September 30, 2016 Condensed Consolidated Balance Sheet Prior Accounting Principles Effect of Accounting Change As Reported Other noncurrent assets $ 168 (9 ) $ 159 Long-term debt $ 2,946 (9 ) $ 2,937 December 31, 2015 Consolidated Balance Sheet Previously Reported Effect of Accounting Change Recast Other noncurrent assets $ 184 (10 ) $ 174 Long-term debt $ 2,924 (10 ) $ 2,914 Noncontrolling Interests The following table presents a rollforward of the changes in noncontrolling interests: Nine months ended September 30, 2016 Equity balance of noncontrolling interests as of January 1 $ 132 Comprehensive income (loss): Net income 4 Foreign currency adjustments and other 5 Equity balance of noncontrolling interests as of September 30 $ 141 Recently Issued Accounting Pronouncements In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . The updated guidance enhances the reporting model for financial instruments, which includes amendments to address aspects of recognition, measurement, presentation, and disclosure. The amendments in the ASU are effective prospectively for fiscal years beginning after December 15, 2017, and interim periods therein, with early adoption not permitted. The Company is currently evaluating the potential effects of this pronouncement. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), that replaces existing lease guidance. The new standard is intended to provide enhanced transparency and comparability by requiring lessees to record right-of-use assets and corresponding lease liabilities on the balance sheet. The new guidance will continue to classify leases as either finance or operating, with classification affecting the pattern of expense recognition in the statement of income. The standard is effective for the Company beginning January 1, 2019, with early application permitted. The new standard is required to be applied with a modified retrospective approach to each prior reporting period presented with various optional practical expedients. The Company is currently evaluating the potential effects of this pronouncement. As disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2015, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers , which provides a single comprehensive model for entities to use in accounting for revenue recognition, with subsequent amendments in 2015. In 2016, the FASB issued ASU No. 2016-08, ASU No. 2016-10, ASU No. 2016-11, and ASU 2016-12 which amend the implementation guidance and illustrations in the new standard. The Company continues to evaluate the effects of these accounting pronouncements and will adopt this new guidance on January 1, 2018 using the modified retrospective application method.

RESTRUCTURING CHARGES AND ASSET

RESTRUCTURING CHARGES AND ASSET IMPAIRMENTS	9 Months Ended
	Sep. 30, 2016
Restructuring and Related Activities [Abstract]
RESTRUCTURING CHARGES AND ASSET IMPAIRMENTS	RESTRUCTURING CHARGES AND ASSET IMPAIRMENTS, NET The Company’s restructuring activities are undertaken as necessary to execute management’s strategy and streamline operations, consolidate and take advantage of available capacity and resources, and ultimately achieve net cost reductions. Restructuring activities include efforts to integrate and rationalize the Company’s businesses and to relocate manufacturing operations to best cost manufacturing locations. The Company's restructuring charges consist primarily of employee costs (principally severance and/or termination benefits), facility closure and other costs, curtailment losses (gains) related to reductions of pension and retiree medical benefit obligations as a result of headcount reductions, and asset impairments related to restructuring activities. Three Months Ended September 30, 2016 2015 Powertrain Motorparts Total Powertrain Motorparts Total Severance and other charges, net $ (6 ) $ (1 ) $ (7 ) $ (17 ) $ (1 ) $ (18 ) Asset impairments related to restructuring activities — — — — — $ — Total restructuring charges (6 ) (1 ) (7 ) (17 ) (1 ) $ (18 ) Other asset impairments — (1 ) (1 ) (5 ) (1 ) (6 ) Total restructuring charges and asset impairments $ (6 ) $ (2 ) $ (8 ) $ (22 ) $ (2 ) $ (24 ) Nine Months Ended September 30, 2016 2015 Powertrain Motorparts Total Powertrain Motorparts Total Severance and other charges, net $ (20 ) $ (8 ) $ (28 ) $ (25 ) $ (32 ) $ (57 ) Asset impairments related to restructuring activities — — — — (1 ) (1 ) Total restructuring charges (20 ) (8 ) (28 ) (25 ) (33 ) (58 ) Other asset impairments — (4 ) (4 ) (7 ) (2 ) (9 ) Total restructuring charges and asset impairments $ (20 ) $ (12 ) $ (32 ) $ (32 ) $ (35 ) $ (67 ) Estimates of restructuring charges are based on information available at the time such charges are recorded. In certain countries where the Company operates, statutory requirements include involuntary termination benefits that extend several years into the future. Accordingly, severance payments continue well past the date of termination at many international locations. Thus, restructuring programs appear to be ongoing when, in fact, terminations and other activities have been substantially completed. Restructuring opportunities include potential plant closures and employee headcount reductions in various countries that require consultation with various parties including, but not limited to, unions/works councils, local governments, and/or customers. The consultation process can take a significant amount of time and affect the final outcome and timing. The Company's policy is to record a provision for qualifying restructuring costs in accordance with the applicable accounting guidance when the outcome of such consultations becomes probable. Management expects to finance its restructuring programs through cash generated from its ongoing operations or through cash available under its existing credit facility, subject to the terms of applicable covenants. Management does not expect that the execution of these programs will have an adverse effect on its liquidity position. The following table provides a quarterly summary of the Company’s restructuring liabilities and related activity as of and for the nine months ended September 30, 2016 and 2015 by reporting segment: Powertrain Motorparts Total Corporate Total Balance at December 31, 2015 $ 33 $ 47 $ 80 $ — $ 80 Provisions 12 3 15 — 15 Payments (5 ) (6 ) (11 ) — (11 ) Foreign Currency 1 1 2 — 2 Balance at March 31, 2016 41 45 86 — 86 Provisions 2 4 6 — 6 Payments (7 ) (6 ) (13 ) — (13 ) Foreign Currency (1 ) (1 ) (2 ) — (2 ) Balance at June 30, 2016 35 42 77 — 77 Provisions 6 4 10 — 10 Reversals — (3 ) (3 ) — (3 ) Payments (7 ) (7 ) (14 ) — (14 ) Foreign Currency 1 — 1 — 1 Balance at September 30, 2016 $ 35 $ 36 $ 71 $ — $ 71 Powertrain Motorparts Total Reporting Segment Corporate Total Company Balance at December 31, 2014 $ 36 $ 16 $ 52 $ 1 $ 53 Provisions 6 6 12 — 12 Payments (10 ) (5 ) (15 ) (1 ) (16 ) Acquisitions 2 — 2 — 2 Foreign Currency (3 ) (1 ) (4 ) — (4 ) Balance at March 31, 2015 31 16 47 — 47 Provisions 6 25 31 — 31 Reversals (4 ) — (4 ) — (4 ) Payments (16 ) (6 ) (22 ) — (22 ) Balance at June 30, 2015 17 35 52 — 52 Provisions 17 1 18 — 18 Payments (4 ) (6 ) (10 ) — (10 ) Balance at September 30, 2015 $ 30 $ 30 $ 60 $ — $ 60 The following table provides a quarterly summary of the Company’s restructuring liabilities and related activity for each type of exit cost as of and for the three and nine months ended September 30, 2016 and 2015 . As the table indicates, facility closure costs are typically paid within the quarter of incurrence. Employee Facility Closure and Other Total Balance at December 31, 2015 $ 79 $ 1 $ 80 Provisions 13 2 15 Payments (9 ) (2 ) (11 ) Foreign Currency 2 — 2 Balance at March 31, 2016 85 1 86 Provisions 5 1 6 Payments (12 ) (1 ) (13 ) Foreign Currency (2 ) — (2 ) Balance at June 30, 2016 76 1 77 Provisions 9 1 10 Reversals (3 ) — (3 ) Payments (13 ) (1 ) (14 ) Foreign Currency 1 — 1 Balance at September 30, 2016 $ 70 $ 1 $ 71 Employee Costs Facility Closure and Other Costs Total Balance at December 31, 2014 $ 51 $ 2 $ 53 Provisions 10 2 12 Payments (13 ) (3 ) (16 ) Acquisitions 2 — 2 Foreign Currency (4 ) — (4 ) Balance at March 31, 2015 46 1 47 Provisions 29 2 31 Reversals (4 ) — (4 ) Payments (20 ) (2 ) (22 ) Balance at June 30, 2015 51 1 52 Provisions 17 1 18 Payments (9 ) (1 ) (10 ) Balance at September 30, 2015 $ 59 $ 1 $ 60 Due to the inherent uncertainty involved in estimating restructuring expenses, actual amounts paid for such activities may differ from amounts initially estimated. Restructuring charges and asset impairments for the three months ended September 30, 2016 were comprised of $6 million related to the Powertrain segment and $5 million related to the Motorparts segment. In addition, the Motorparts segment determined $3 million of a previously recorded reserve was no longer probable, and reduced the reserve accordingly. The charges include severance related costs of $5 million in EMEA and $1 million in ROW for the Powertrain segment. For the Motorparts segment, the charges include severance related costs of $2 million in EMEA and facility closure and other costs of $1 million in North America and $1 million in EMEA. These charges were offset by reductions to previously recorded severance related reserves of $1 million in North America and $2 million in EMEA. In addition, there was $1 million in asset impairments in EMEA for the Motorparts segment. Restructuring charges and asset impairments for the nine months ended September 30, 2016 were comprised of $20 million related to the Powertrain segment and $15 million related to the Motorparts segment. The charges include severance related costs of $14 million in EMEA, $3 million in North America, and $2 million in ROW for the Powertrain segment. In addition, there was $1 million in facility closure and other costs in ROW for the Powertrain segment. For the Motorparts segment, the charges include severance related costs of $3 million in North America, and facility closure and other costs of $3 million in North America and severance related costs of $2 million in EMEA, and facility and other costs of $3 million in EMEA. These charges were offset by reductions to previously recorded severance related reserves of $1 million in North America and $2 million in EMEA. In addition, there was $4 million in asset impairments in EMEA for the Motorparts segment. Restructuring expenses for the nine months ended September 30, 2016 are aimed at optimizing the Company's cost structure. We expect to complete these programs in 2017 and incur additional restructuring and other charges of approximately $1 million . For programs previously initiated in prior periods, we expect to complete these programs in 2018 and incur additional restructuring and other charges of approximately $4 million . See Note 6, Assets Held for Sale and Discontinued Operations , for further details related to the $4 million impairment loss on assets held for sale in the nine months ended September 30, 2016 .

OTHER INCOME (EXPENSE), NET

OTHER INCOME (EXPENSE), NET	9 Months Ended
	Sep. 30, 2016
Other Income and Expenses [Abstract]
Other Income (Expense), Net	OTHER INCOME (EXPENSE), NET The specific components of “ Other income (expense), net ” are as follows: Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Loss on sale of equity method investment (a) $ — $ — $ — $ (11 ) Foreign currency transaction gain (loss) (2 ) — (1 ) — Gain (loss) on sale of assets (1 ) — 8 4 Third-party royalty income 2 1 5 5 Legal separation costs — (1 ) — (3 ) Financing charges (2 ) (3 ) (9 ) (7 ) Other 6 3 12 9 $ 3 $ — $ 15 $ (3 ) (a) See Note 11, Investment in Nonconsolidated Affiliates , for further details. In the nine months ended September 30, 2016 , the other income (expense), net included the recognition of a $9 million gain related to the sale of real estate made in a prior year. The gain and receipt of the proceeds was contingent upon the property's redevelopment by the buyer. In the nine months ended September 30, 2015 , the Company recognized an $11 million loss on the disposition of an equity method investment.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS Filters Business Acquisition On May 26, 2016, the Company completed the acquisition of the assets of a filter manufacturing business in Mexico, which primarily serves the Mexican market, for a purchase price of $25 million , net of cash acquired. The estimated fair value of assets acquired and liabilities assumed at the acquisition date is approximately $25 million . The Company is in the process of finalizing certain customary post-closing adjustments which could affect the estimated fair value of assets acquired and liabilities assumed. TRW Engine Components Acquisition Pursuant to the Amended and Restated Share and Asset Purchase Agreement dated January 23, 2015, the Company completed the acquisition of TRW’s valvetrain business and closed the transaction on February 6, 2015. The business was acquired through a combination of asset and stock purchases for a purchase price of approximately $309 million . On July 7, 2015, the Company completed the purchase of certain additional business assets of the TRW's valvetrain business. The business was acquired through stock purchases for a base purchase price of approximately $56 million . The purchase includes a $25 million noncontrolling interest related to a 66% stake in a majority owned entity the Company consolidates into its financial statements. The acquisition was funded primarily from the Company's available revolving line of credit and is subject to certain customary closing and post-closing adjustments. The acquisition of TRW’s valvetrain business adds a completely new product line to the Company's portfolio, strengthens the Company's position as a leading developer and supplier of core components for engines, and enhances the Company's ability to support its customers to improve fuel economy and reduce emissions. The following table summarizes the fair value of the assets acquired and liabilities assumed at the acquisition date: Fair Value Cash $ 14 Accounts receivable, net 31 Inventory, net 36 Property, plant and equipment, net 234 Goodwill 74 Other identified intangible assets 107 Accounts payable (22 ) Accrued liabilities (39 ) Acquired postemployment benefits (46 ) Other net assets 1 Total identifiable net assets $ 390 In addition to the benefits noted above, goodwill is created from the expected synergies through the integration of the engine components business into the existing Powertrain segment which will allow for improved profitability. Proforma Results The following proforma results for the three and nine months ended September 30, 2016 and 2015 assume the purchase of the TRW valvetrain business occurred as of the beginning of 2015 and are inclusive of provisional purchase price adjustments. The proforma results are not necessarily indicative of the results that actually would have been obtained. Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Net sales $ 1,825 $ 1,824 $ 5,646 $ 5,665 Net income (loss) attributable to Federal-Mogul $ 15 $ (62 ) $ 81 $ (52 ) Earnings (loss) per share attributable to Federal-Mogul - basic and diluted $ 0.09 $ (0.37 ) $ 0.48 $ (0.32 ) As the assets of the filter business in Mexico were acquired on May 26, 2016, the proforma effects on the Company's results are not significant for the three and nine months ended September 30, 2016 and 2015 . During the nine months ended September 30, 2015 , the Company recorded $1 million in transaction related expenses, primarily legal and other professional fees, associated with the acquisition of certain assets of the TRW engine components business. These expenses were recorded in "Selling, general and administrative expenses" within the condensed consolidated statements of operations.

ASSETS HELD FOR SALE

ASSETS HELD FOR SALE	9 Months Ended
	Sep. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]
ASSETS HELD FOR SALE	HELD FOR SALE AND DISCONTINUED OPERATIONS Held for Sale Operations The Company classifies assets and liabilities as held for sale ("disposal group") when management, having the authority to approve the action, commits to a plan to sell the disposal group, the sale is probable within one year, and the disposal group is available for immediate sale in its present condition. The Company also considers whether an active program to locate a buyer has been initiated, whether the disposal group is marketed actively for sale at a price that is reasonable in relation to its current fair value, and whether actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or the plan will be withdrawn. The Company aggregates the assets and aggregates the liabilities of all held for sale disposal groups on the balance sheet for the period in which the disposal group is held for sale. The Company has classified assets of $5 million as held for sale. These held for sale assets have been recorded in " Prepaid expenses and other current assets " as of September 30, 2016 . As part of the evaluation to classify these assets as held for sale, the Company recorded an impairment loss in the amount of $4 million during the nine months ended September 30, 2016 which has been included in "Restructuring charges and asset impairments, net" in the condensed consolidated statements of operations. In 2015, the Company entered into a share agreement to sell 100% of the shares of one of its subsidiaries in the Powertrain segment along with certain related assets of another subsidiary. The Company classified the assets and liabilities related to this transaction as held for sale. Prior to December 31, 2015, the Company contributed $12 million in cash to the subsidiary. The transaction closed on January 1, 2016 with no additional amounts recognized for the nine months ended September 30, 2016 . Discontinued Operations In connection with its strategic planning process, the Company assesses its operations for market position, product technology and capability, and profitability. Those businesses not core to the Company’s long-term portfolio may be considered for divestiture or other exit activities. During the nine months ended September 30, 2015, the Company recognized a $7 million adjustment (no income tax effect) which is included in “Gain from discontinued operations, net of income tax” within the condensed consolidated statement of operations.

DERIVATIVES AND HEDGING ACTIVIT

DERIVATIVES AND HEDGING ACTIVITIES	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND HEDGING ACTIVITIES	DERIVATIVES AND HEDGING ACTIVITIES Commodity Price Risk The Company’s production processes are dependent upon the supply of certain raw materials that are exposed to price fluctuations on the open market. The primary purpose of the Company’s commodity price forward contract activity is to manage the volatility associated with forecasted purchases. The Company monitors its commodity price risk exposures regularly to maximize the overall effectiveness of its commodity forward contracts. Principal raw materials hedged include copper, nickel, tin, zinc, high-grade aluminum, and aluminum alloy. Forward contracts are used to mitigate commodity price risk associated with raw materials, generally related to purchases forecast for up to fifteen months in the future. Information regarding the Company’s outstanding commodity price hedge contracts is as follows: September 30 December 31 2016 2015 Combined notional value $ 17 $ 28 Combined notional value designated as hedging instruments $ 17 $ 28 Unrealized net (loss) gain recorded in “Accumulated other comprehensive loss” $ — $ (2 ) Net asset (liability) position $ 1 $ (3 ) The Company has designated these contracts as cash flow hedging instruments. The Company records unrecognized gains and losses in other comprehensive income and makes regular reclassifying adjustments into "Cost of products sold" within the condensed consolidated statement of operations when amounts are recognized. For amounts recognized in other comprehensive income (loss) and amounts reclassified out of other comprehensive income (loss) for the three and nine months ended September 30, 2016 and 2015 for these hedging instruments, see Note 16, Changes in Accumulated Other Comprehensive Loss by Component (Net of Tax) . Substantially all of the commodity price hedge contracts mature within one year. Foreign Currency Risk The Company manufactures and sells its products in North America, South America, Asia, Europe, Australia, and Africa. As a result, the Company’s financial results could be significantly affected by factors such as changes in foreign currency exchange rates or weak economic conditions in foreign markets in which the Company manufactures and sells its products. The Company generally tries to use natural hedges within its foreign currency activities, including the matching of revenues and costs, to minimize foreign currency risk. Where natural hedges are not in place, the Company considers managing certain aspects of its foreign currency activities and larger transactions through the use of foreign currency options or forward contracts. Principal currencies hedged have historically included the euro, British pound and Polish zloty. Foreign currency forwards are also used in conjunction with the Company's commodity hedging program. In order to obtain critical terms match for commodity exposure, the Company engages the use of foreign exchange contracts. The Company did not hold any foreign currency price hedge contracts at September 30, 2016 or December 31, 2015 . For the nine months ended September 30, 2016 and 2015 there were no amounts reclassified into net income. Concentrations of Credit Risk Financial instruments including cash equivalents, derivative contracts, and accounts receivable, expose the Company to counter-party credit risk for non-performance. The Company’s counterparties for cash equivalents and derivative contracts are banks and financial institutions that meet the Company’s requirement of high credit standing. The Company’s counterparties for derivative contracts are substantial investment and commercial banks with significant experience using such derivatives. The Company manages its credit risk through policies requiring minimum credit standing and limiting credit exposure to any one counter-party and through monitoring counter-party credit risks. The Company’s concentration of credit risk related to derivative contracts at September 30, 2016 and 2015 is not material. Other The Company presents its derivative positions and any related material collateral under master netting agreements on a net basis. For derivatives designated as cash flow hedges, changes in the time value are excluded from the assessment of hedge effectiveness. Unrealized gains and losses associated with ineffective hedges, determined using the hypothetical derivative method, are recognized in “ Other income (expense), net .” Derivative gains and losses included in “Accumulated other comprehensive loss” for effective hedges are reclassified into operations upon recognition of the hedged transaction. Derivative gains and losses associated with undesignated hedges are recognized in “ Other income (expense), net ” for outstanding hedges and either “Cost of products sold” or “ Other income (expense), net ” upon hedge maturity.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS ASC 820, Fair Value Measurements and Disclosures (“ASC 820”), clarifies fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based upon assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1: Observable inputs such as quoted prices in active markets; Level 2: Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. An asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. Estimates of the fair value of commodity derivative instruments are determined using exchange traded prices and rates. Items Measured at Fair Value on a Recurring Basis Assets and liabilities remeasured and disclosed at fair value on a recurring basis at September 30, 2016 and December 31, 2015 are set forth in the table below: Asset/(Liability) Level 2 September 30, 2016 Commodity contracts $ 1 $ 1 December 31, 2015 Commodity contracts $ (3 ) $ (3 ) The Company calculates the fair value of its commodity contracts using quoted commodity forward rates to calculate forward values, and then discounts the forward values. The discount rates for all derivative contracts are based on quoted bank deposit rates. Items Measured at Fair Value on a Nonrecurring Basis In addition to items measured at fair value on a recurring basis, the Company also has assets that may be measured at fair value on a nonrecurring basis. As these items are not measured at fair value on a recurring basis, they are not included in the tables above. The majority of the Company’s non-financial instruments, long-lived assets, intangible assets, and investments in nonconsolidated affiliates, are Level 3 assets. If certain triggering events occur such that a non-financial instrument is required to be evaluated for impairment and the carrying value is determined to not be recoverable, an impairment charge would be recorded to adjust to the lower of cost or fair value. During the nine months ended September 30, 2016 and 2015 , the Company recorded impairment charges of $4 million and $9 million related to property, plant, and equipment, which have been recorded within " Restructuring charges and asset impairments, net " in the condensed consolidated statement of operations. The Company's investment in nonconsolidated affiliates is discussed further in Note 11, Investment in Nonconsolidated Affiliates . Financial Instruments not Carried at Fair Value Estimated fair values of the Company’s term loans were: September 30, 2016 December 31, 2015 Carrying Value Fair Value Carrying Value Fair Value Measurement Approach Term Loans $ 2,535 $ 2,479 $ 2,551 $ 2,273 Level 2 Fair value approximates carrying value for foreign debt as well as the U.S. revolver. Fair market values are developed by the use of estimates obtained from brokers and other appropriate valuation techniques based on information available as of September 30, 2016 and December 31, 2015 . The fair value estimates do not necessarily reflect the values the Company could realize in the current markets.

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2016
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories are stated at the lower of cost or market. Cost was determined by the first-in, first-out method at September 30, 2016 and December 31, 2015 . Inventories are reduced by an allowance for excess and obsolete inventories based on management’s review of on-hand inventories compared to historical and estimated future sales and usage. Net inventories consist of the following: September 30 December 31 2016 2015 Raw materials $ 275 $ 254 Work-in-process 193 175 Finished products 1,003 1,027 1,471 1,456 Inventory valuation allowance (132 ) (114 ) $ 1,339 $ 1,342

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS A summary of changes in the net carrying amounts of goodwill by segment are as follows Nine Months Ended September 30, 2016 Powertrain Motorparts Total Net carrying amount, December 31 $ 512 $ 161 $ 673 Acquisitions and purchase accounting adjustments 6 — 6 Foreign exchange 6 — 6 Net carrying amount, March 31 524 161 685 Acquisitions and purchase accounting adjustments — — — Impairment charges (6 ) — (6 ) Foreign exchange — — — Net carrying amount, June 30 518 161 679 Acquisitions and purchase accounting adjustments — — — Impairment charges — — — Foreign exchange — — — Net carrying amount, September 30 $ 518 $ 161 $ 679 Powertrain Motorparts Total Accumulated impairment charges at September 30, 2016 $ 142 $ 648 $ 790 Accumulated impairment charges at December 31, 2015 $ 136 $ 648 $ 784 The Company conducts its assessment for goodwill impairments on October 1 of each year for all reporting units. Due to the complexity of the 2015 step two goodwill impairment test, the Company finalized its assessment as of June 30, 2016 . Based on the results of the annual impairment test, the Company recorded impairment charges of $6 million during nine months ended September 30, 2016 . During the nine months ended September 30, 2015 , the Company determined there were impairment indicators for one of its reporting units. Therefore, it conducted an interim impairment analysis and concluded $56 million of goodwill was impaired. At September 30, 2016 and December 31, 2015 , intangible assets consist of the following: September 30, 2016 December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Definite-lived intangible assets: Developed technology $ 140 $ (97 ) $ 43 $ 140 $ (86 ) $ 54 Customer relationships 683 (366 ) 317 683 (333 ) 350 $ 823 $ (463 ) $ 360 $ 823 $ (419 ) $ 404 Indefinite-lived intangible assets: Trademarks and brand names $ 228 $ 230 The Company's recorded amortization expense associated with definite-lived intangible assets was: Nine Months Ended September 30, 2016 2015 Amortization expense $ 44 $ 45 The Company’s expected future amortization expense for its definite-lived intangible assets is as follows: Remaining 2016 2017 2018 2019 2020 2021 and thereafter Total Expected amortization expenses 15 58 49 49 49 140 $ 360

INVESTMENTS IN NONCONSOLIDATED

INVESTMENTS IN NONCONSOLIDATED AFFILIATES	9 Months Ended
	Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS IN NONCONSOLIDATED AFFILIATES	INVESTMENT IN NONCONSOLIDATED AFFILIATES The Company maintains investments in several nonconsolidated affiliates, which are located in China, Korea, Turkey, India, Germany, and the United States. With the exception of the deconsolidated business discussed below, the Company generally equates control to ownership percentage whereby investments more than 50% owned are consolidated. The Company does not hold a controlling interest in an entity based on exposure to economic risks and potential rewards (variable interests) for which it is the primary beneficiary. Further, the Company’s affiliations are businesses established and maintained in connection with its operating strategy and are not special purpose entities. The following represents the Company’s aggregate investments and direct ownership in these affiliates: September 30 December 31 2016 2015 Investments in nonconsolidated affiliates $ 275 $ 296 Direct ownership percentages 2% to 50% 2% to 50% The following table represents amounts reflected in the Company’s financial statements related to nonconsolidated affiliates: Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Equity earnings of nonconsolidated affiliates $ 11 $ 9 $ 44 $ 37 Cash dividends received from nonconsolidated affiliates $ 6 $ — $ 71 $ 6 The following tables present summarized aggregated financial information of the Company’s nonconsolidated affiliates for the three and nine months ended September 30, 2016 and 2015 . The amounts represent 100% of the interest in the nonconsolidated affiliates and not the Company's proportionate share. Three months ended September 30, 2016 Statements of Operations Turkey JVs Anqing TP Goetze All Other Total Sales $ 77 $ 37 $ 114 $ 228 Gross profit $ 17 $ 12 $ 22 $ 51 Income from continuing operations $ 12 $ 9 $ 13 $ 34 Net income $ 11 $ 9 $ 12 $ 32 Three months ended September 30, 2015 Statements of Operations Turkey JVs Anqing TP Goetze All Other Total Sales $ 80 $ 31 $ 82 $ 193 Gross profit $ 17 $ 8 $ 11 $ 36 Income from continuing operations $ 13 $ 7 $ 5 $ 25 Net income $ 11 $ 8 $ 4 $ 23 Nine Months Ended September 30, 2016 Statements of Operations Turkey JVs Anqing TP Goetze All Other Total Sales $ 264 $ 117 $ 347 $ 728 Gross profit $ 67 $ 36 $ 74 $ 177 Income from continuing operations $ 55 $ 30 $ 45 $ 130 Net income $ 45 $ 30 $ 42 $ 117 Nine Months Ended September 30, 2015 Statements of Operations Turkey JVs Anqing TP Goetze All Other Total Sales $ 248 $ 123 $ 254 $ 625 Gross profit $ 56 $ 38 $ 31 $ 125 Income from continuing operations $ 50 $ 34 $ 16 $ 100 Net income $ 41 $ 35 $ 15 $ 91 As part of the regulatory approval related to an acquisition, the Company committed to divest, or procure the divestiture of the commercial and light vehicle brake pads business relating to the original equipment manufacturers market in the European Economic Area. As such, the Company deconsolidated these subsidiaries and accounted for them as equity method investments until disposition. The disposition was completed in the first quarter of 2015. As a result, the Company recognized an $11 million loss on disposal recorded in the line item " Other Income (Expense), Net " in the condensed consolidated statements of operations during the nine months ended September 30, 2015.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
DEBT	DEBT The following is a summary of debt outstanding as of September 30, 2016 and December 31, 2015: September 30 December 31 2016 2015 Loans under facilities: Revolver $ 390 $ 340 Tranche B term loan 686 691 Tranche C term loan 1,862 1,876 Debt discount (7 ) (8 ) Unamortized debt issuance fees (8 ) (10 ) Other debt, primarily foreign instruments 188 163 3,111 3,052 Less: Short-term debt, including current maturities of long-term debt (174 ) (138 ) Total long-term debt $ 2,937 $ 2,914 The Replacement Revolving Facility has an available borrowing base of $173 million and $37 million of letters of credit outstanding at September 30, 2016 , pertaining to the term loan credit facility. To the extent letters of credit associated with the Replacement Revolving Facility are issued, there is a corresponding decrease in borrowings available under this facility. There is also $37 million of availability under foreign credit facilities at September 30, 2016 . Interest expense associated with the amortization of the debt issuance costs recognized in the Company’s condensed consolidated statements of operations, consists of the following: Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Amortization of debt issuance fees $ 1 $ 1 $ 2 $ 2 Amortization of original issue discount 1 — 1 1 $ 2 $ 1 $ 3 $ 3

PENSIONS AND OTHER POSTEMPLOYME

PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS	9 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS	PENSIONS AND OTHER POSTRETIREMENT BENEFITS The Company sponsors several defined benefit pension plans (“Pension Benefits”) and health care and life insurance benefits (“Other Postretirement Benefits” or "OPEB") for certain employees and retirees around the world. Components of net periodic benefit cost (credit) for the three months ended September 30, 2016 and 2015 are as follows: Pension Benefits Other Postretirement United States Plans Non-U.S. Plans Benefits 2016 2015 2016 2015 2016 2015 Service cost $ 1 $ — $ 3 $ 4 $ — $ — Interest cost 12 12 3 4 3 3 Expected return on plan assets (12 ) (15 ) — — — — Amortization of actuarial losses 3 3 2 2 1 2 Amortization of prior service credits — — — — (1 ) (1 ) Net periodic benefit cost $ 4 $ — $ 8 $ 10 $ 3 $ 4 Components of net periodic benefit cost (credit) for the nine months ended September 30, 2016 and 2015 are as follows: Pension Benefits Other Postretirement United States Plans Non-U.S. Plans Benefits 2016 2015 2016 2015 2016 2015 Service cost $ 2 $ 2 $ 10 $ 12 $ — $ — Interest cost 36 36 9 8 9 10 Expected return on plan assets (36 ) (44 ) — (1 ) — — Amortization of actuarial losses 9 8 4 8 2 4 Amortization of prior service credits — — — — (3 ) (3 ) Net periodic benefit cost $ 11 $ 2 $ 23 $ 27 $ 8 $ 11

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Under the liability method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. For the three months ended September 30, 2016 , the Company recorded income tax expense of $10 million on income from continuing operations before income taxes of $26 million . This compares to income tax expense of $9 million on a loss from operations before income taxes of $53 million in the same period of 2015 . Income tax expense for the three months ended September 30, 2016 and three months ended September 30, 2015 differs from the U.S. statutory rate due primarily to pre-tax income taxed at rates lower than the U.S. statutory rate, partially offset by pre-tax losses with no tax benefit. For the nine months ended September 30, 2016 , the Company recorded income tax expense of $33 million on income from continuing operations before income taxes of $118 million . This compares to income tax expense of $32 million on a loss from operations before income taxes of $23 million in the same period of 2015 . Income tax expense for the nine months ended September 30, 2016 differs from the U.S. statutory rate due primarily to pre-tax income taxed at rates lower than the U.S. statutory rate, partially offset by pre-tax losses with no tax benefit. Income tax expense for the nine months ended September 30, 2015 differs from the U.S. statutory rate due primarily to pre-tax losses with no tax benefits.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Environmental Matters The Company is a defendant in lawsuits filed, or the recipient of administrative orders issued or demand letters received, in various jurisdictions pursuant to the Federal Comprehensive Environmental Response Compensation and Liability Act of 1980 (“CERCLA”) or other similar national, provincial or state environmental remedial laws. These laws provide that responsible parties may be liable to pay for remediating contamination resulting from hazardous substances that were discharged into the environment by them, by prior owners or occupants of property they currently own or operate, or by others to whom they sent such substances for treatment or other disposition at third party locations. The Company has been notified by the United States Environmental Protection Agency, other national environmental agencies, and various provincial and state agencies that it may be a potentially responsible party (“PRP”) under such laws for the cost of remediating hazardous substances pursuant to CERCLA and other national and state or provincial environmental laws. PRP designation typically requires the funding of site investigations and subsequent remedial activities. Many of the sites that are likely to be the costliest to remediate are often current or former commercial waste disposal facilities to which numerous companies sent wastes. Despite the potential joint and several liability which might be imposed on the Company under CERCLA and some of the other laws pertaining to these sites, the Company’s share of the total waste sent to these sites has generally been small. The Company believes its exposure for liability at these sites is limited. On a global basis, the Company has also identified certain other present and former properties at which it may be responsible for cleaning up or addressing environmental contamination, in some cases as a result of contractual commitments and/or federal or state environmental laws. The Company is actively seeking to resolve these actual and potential statutory, regulatory and contractual obligations. Although difficult to quantify based on the complexity of the issues, the Company has accrued amounts corresponding to its best estimate of the costs associated with such regulatory and contractual obligations on the basis of available information from site investigations and best professional judgment of consultants. Total environmental liabilities, determined on an undiscounted basis, are included in the condensed consolidated balance sheets as follows: September 30 December 31 2016 2015 Other current liabilities $ 4 $ 4 Other accrued liabilities (noncurrent) 8 10 $ 12 $ 14 Management believes recorded environmental liabilities will be adequate to cover the Company’s estimated liability for its exposure in respect to such matters. In the event such liabilities were to significantly exceed the amounts recorded by the Company, the Company’s results of operations and financial condition could be materially affected. As of September 30, 2016 , management estimates that reasonably possible material additional losses above and beyond management’s best estimate of required remediation costs as recorded approximate $44 million . Asset Retirement Obligations The Company’s primary asset retirement obligations ("ARO") activities relate to the removal of hazardous building materials at its facilities. The Company records an ARO at fair value upon initial recognition when the amount can be reasonably estimated, typically upon the expectation an operating site may be closed or sold. ARO fair values are determined based on the Company’s determination of what a third party would charge to perform the remediation activities, generally using a present value technique. For those sites the Company identifies in the future for closure or sale, or for which it otherwise believes it has a reasonable basis to assign probabilities to a range of potential settlement dates, the Company will review these sites for both ARO and impairment issues. The Company has identified sites with contractual obligations and several sites that are closed or expected to be closed and sold. In connection with these sites, the Company maintains ARO liabilities in the condensed consolidated balance sheets as follows: September 30 December 31 2016 2015 Other current liabilities $ 2 $ 2 Other accrued liabilities (noncurrent) 14 14 $ 16 $ 16 There was no activity in the Company's ARO liability for the three and nine months ended September 30, 2016 . The following is a rollforward of the Company’s ARO liability for the three and nine months ended September 30, 2015 : Balance at December 31, 2014 $ 24 Liabilities settled/adjustments (3 ) Foreign Currency (2 ) Balance at March 31, 2015 19 Liabilities settled/adjustments 1 Balance at June 30, 2015 20 Liabilities settled/adjustments (1 ) Balance at September 30, 2015 $ 19 The Company has conditional asset retirement obligations (“CARO”), primarily related to removal costs of hazardous materials in buildings, for which it believes reasonable cost estimates cannot be made at this time because the Company does not believe it has a reasonable basis to assign probabilities to a range of potential settlement dates for these retirement obligations. Accordingly, the Company is currently unable to determine amounts to accrue for CARO at such sites. Affiliate Pension Obligations As a result of the more than 80% ownership interest in the Company by Mr. Icahn’s affiliates, the Company is subject to the pension liabilities of all entities in which Mr. Icahn has a direct or indirect ownership interest of at least 80% . One such entity, ACF Industries LLC ("ACF"), is the sponsor of several pension plans. All the minimum funding requirements of the Code and the Employee Retirement Income Security Act of 1974 for these plans have been met as of September 30, 2016 . If the ACF plans were voluntarily terminated, they would be underfunded by approximately $104 million as of September 30, 2016 . These results are based on the most recent information provided by the plans’ actuaries. These liabilities could increase or decrease, depending on a number of factors, including future changes in benefits, investment returns, and the assumptions used to calculate the liability. As members of the controlled group, the Company would be liable for any failure of ACF to make ongoing pension contributions or to pay the unfunded liabilities upon a termination of the pension plans of ACF. In addition, other entities now or in the future within the controlled group in which the Company is included may have pension plan obligations that are, or may become, underfunded and the Company would be liable for any failure of such entities to make ongoing pension contributions or to pay the unfunded liabilities upon termination of such plans. Further, the failure to pay these pension obligations when due may result in the creation of liens in favor of the pension plan or the Pension Benefit Guaranty Corporation (“PBGC”) against the assets of each member of the controlled group. The current underfunded status of the pension plans of ACF requires it to notify the PBGC of certain “reportable events” such as if the Company ceases to be a member of the ACF controlled group, or the Company makes certain extraordinary dividends or stock redemptions. The obligation to report could cause the Company to seek to delay or reconsider the occurrence of such reportable events. Icahn Enterprises Holdings L.P. and IEH FM Holdings LLC have undertaken to indemnify Federal-Mogul for any and all liability imposed upon the Company pursuant to the Employee Retirement Income Security Act of 1974, as amended, or any regulation thereunder (“ERISA”) resulting from the Company being considered a member of a controlled group within the meaning of ERISA § 4001(a)(14) of which American Entertainment Properties Corporation is a member, except with respect to liability in respect to any employee benefit plan, as defined by ERISA § 3(3), maintained by the Company. Icahn Enterprises Holdings L.P. and IEH FM Holdings LLC are not required to maintain any specific net worth and there can be no guarantee Icahn Enterprises Holdings L.P. and IEH FM Holdings LLC will be able to fund their indemnification obligations to the Company. Other Matters On April 25, 2014, a group of plaintiffs brought an action against Federal-Mogul Products, Inc. (“F-M Products”), a wholly-owned subsidiary of the Company, alleging injuries and damages associated with the discharge of chlorinated hydrocarbons by the former owner of a facility located in Kentucky. Since 1998, when F-M Products acquired the facility, it has been cooperating with the applicable regulatory agencies on remediating the prior discharges pursuant to an order entered into by the facility’s former owner. The Company does not currently believe that the outcome of this litigation will have a material effect on its condensed consolidated financial position, results of operations or cash flows. The Company is involved in other legal actions and claims, directly and through its subsidiaries. Management does not believe that the outcomes of these other actions or claims are likely to have a material adverse effect on the Company’s condensed consolidated financial position, results of operations or cash flows.

CHANGES IN ACCUMULATED OTHER CO

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT (NET OF TAX)	9 Months Ended
	Sep. 30, 2016
Changes In Accumulated Other Comprehensive Income Loss By Component [Abstract]
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT (NET OF TAX)	CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT (NET OF TAX) The following represents the Company’s changes in accumulated other comprehensive loss ("AOCL") by component for the three and nine months ended September 30, 2016 and 2015 : Three Months Ended September 30 Nine Months Ended September 30 2016 2015 2016 2015 Foreign currency translation adjustments and other Balance at beginning of period $ (733 ) $ (577 ) $ (714 ) $ (482 ) Other comprehensive income (loss) before reclassification adjustment, net of tax 4 (88 ) (14 ) (183 ) Reclassification from other comprehensive income (loss) — — (1 ) — Other comprehensive loss, net of tax 4 (88 ) (15 ) (183 ) Balance at end of period $ (729 ) $ (665 ) $ (729 ) $ (665 ) Pensions and postretirement benefits Balance at beginning of period $ (580 ) $ (621 ) $ (587 ) $ (643 ) Other comprehensive income (loss) before reclassifications — — — 11 Reclassification from other comprehensive income (loss) (a) 5 6 12 17 Income tax — 2 — 2 Other comprehensive income (loss), net of tax 5 8 12 30 Balance at end of period $ (575 ) $ (613 ) $ (575 ) $ (613 ) Hedge instruments Balance at beginning of period $ (16 ) $ (18 ) $ (17 ) $ (17 ) Other comprehensive income (loss) before reclassifications 1 (1 ) — (3 ) Reclassification from other comprehensive income (loss) (b) — 1 2 2 Other comprehensive income (loss), net of tax 1 — 2 (1 ) Balance at end of period $ (15 ) $ (18 ) $ (15 ) $ (18 ) Other comprehensive income (loss) attributable to noncontrolling interests, net of tax (c) $ 1 $ (4 ) $ 5 $ (6 ) (a) Includes amortization of prior service costs/credits and actuarial gains/losses which are included in cost of products sold, and selling, general, and administrative. Refer to Note 13 for additional information. (b) Includes commodity contacts which are included in cost of products sold. Refer to Note 7 for additional information. (c) Consists of foreign currency translation adjustments.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION In February 2012, 2011 and 2010, the Company granted approximately 809,000 , 1,043,000 and 437,000 SARs, respectively, to certain employees. The SARs granted in February 2012 (“2012 SARs”) and in February 2011 (“2011 SARs”) vested 25.0% on the grant date and 25.0% on each of the next three anniversaries of the grant date. The SARs granted in February 2010 (“2010 SARs”) vested 33.3% on each of the three anniversaries of the grant date. All SARs have a term of five years from date of grant. The SARs are payable in cash or, at the election of the Company, in stock. As the Company anticipates paying out SARs exercised in the form of cash, the SARs are being treated as liability awards for accounting purposes. The Company has total outstanding awards of approximately 212,000 and 603,000 as of September 30, 2016 and December 31, 2015. As of September 30, 2016 , all 2011 SARs and 2010 SARs were expired. The Company did not recognize any SARs income for the nine months ended September 30, 2016 and recognized $1 million in income for the nine months ended September 30, 2015 .

INCOME (LOSS) PER COMMON SHARE

INCOME (LOSS) PER COMMON SHARE	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
INCOME (LOSS) PER COMMON SHARE	INCOME (LOSS) PER COMMON SHARE The following table sets forth the computation of basic and diluted income (loss) per common share attributable to Federal-Mogul: Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Amounts attributable to Federal-Mogul: Net income (loss) from continuing operations $ 15 $ (63 ) $ 81 $ (59 ) Gain from discontinued operations, net of income tax — — — 7 Net income (loss) $ 15 $ (63 ) $ 81 $ (52 ) Weighted average shares outstanding, basic and diluted 169.0 169.0 169.0 163.2 Net income (loss) per common share attributable to Federal-Mogul Basic and diluted: Net income (loss) from continuing operations $ 0.09 $ (0.37 ) $ 0.48 $ (0.36 ) Gain from discontinued operations, net of income tax — — — 0.04 Net income (loss) $ 0.09 $ (0.37 ) $ 0.48 $ (0.32 )

OPERATIONS BY REPORTING SEGMENT

OPERATIONS BY REPORTING SEGMENT	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
OPERATIONS BY REPORTING SEGMENT	OPERATIONS BY REPORTING SEGMENT The Company operates with two end-customer focused business segments. The Powertrain segment focuses on original equipment products for automotive, heavy duty and industrial applications. The Motorparts segment sells and distributes a broad portfolio of products in the global aftermarket, while also serving original equipment manufacturers with products including braking, chassis, wipers, and other vehicle components. This organizational model allows for a strong product line focus benefitting both original equipment and aftermarket customers and enables the Company's global teams to be responsive to customers’ needs for superior products and to promote greater identification with the Company's premium brands. Additionally, this organizational model enhances management focus to capitalize on opportunities for organic or acquisition growth, profit improvement, resource utilization and business model optimization in line with the unique requirements of the two different customer bases. Net sales, cost of products sold and gross profit information are as follows: Three Months Ended September 30 Net Sales Cost of Products Sold Gross Profit 2016 2015 2016 2015 2016 2015 Powertrain $ 1,089 $ 1,079 $ (963 ) $ (955 ) $ 126 $ 124 Motorparts 797 817 (648 ) (678 ) 149 139 Inter-segment eliminations (61 ) (72 ) 61 72 — — Total Reporting Segment $ 1,825 $ 1,824 $ (1,550 ) $ (1,561 ) $ 275 $ 263 Inter-segment eliminations attributable to sales from Powertrain to Motorparts $ 54 $ 64 Inter-segment eliminations attributable to sales from Motorparts to Powertrain $ 7 $ 8 Nine Months Ended September 30 Net Sales Cost of Products Sold Gross Profit 2016 2015 2016 2015 2016 2015 Powertrain $ 3,389 $ 3,384 $ (2,976 ) $ (2,978 ) $ 413 $ 406 Motorparts 2,446 2,461 (1,992 ) (2,063 ) 454 398 Inter-segment eliminations (189 ) (224 ) 189 224 — — Total Reporting Segment $ 5,646 $ 5,621 $ (4,779 ) $ (4,817 ) $ 867 $ 804 Inter-segment eliminations attributable to sales from Powertrain to Motorparts $ 163 $ 197 Inter-segment eliminations attributable to sales from Motorparts to Powertrain $ 26 $ 27 Operational EBITDA and the reconciliation to net income (loss) are as follows: Three Months Ended September 30 Nine Months Ended September 30 2016 2015 2016 2015 Powertrain $ 104 $ 97 $ 358 $ 323 Motorparts 69 59 204 157 Total Operational EBITDA 173 156 562 480 Items required to reconcile Operational EBITDA to EBITDA: Restructuring charges and asset impairments (a) (8 ) (24 ) (32 ) (67 ) Goodwill and intangible impairment expense, net — (56 ) (6 ) (50 ) Loss on sale of equity method investment — — — (11 ) Financing charges (2 ) (3 ) (9 ) (7 ) Discontinued operations — — — 7 Transaction related costs (2 ) (1 ) (4 ) (7 ) Segmentation costs — (1 ) — (3 ) Other (b) (3 ) — (8 ) (1 ) EBITDA 158 71 503 341 Items required to reconcile EBITDA to net income (loss): Depreciation and amortization (95 ) (88 ) (275 ) (254 ) Interest expense, net (37 ) (36 ) (110 ) (103 ) Income tax (expense) benefit (10 ) (9 ) (33 ) (32 ) Net income (loss) $ 16 $ (62 ) $ 85 $ (48 ) Three Months Ended September 30 Nine Months Ended September 30 Footnotes: 2016 2015 2016 2015 (a) Restructuring charges and asset impairments, net: Restructuring charges related to severance and other charges, net $ (7 ) $ (18 ) $ (28 ) $ (58 ) Asset impairments, including impairments related to restructuring activities (1 ) (6 ) (4 ) (9 ) Total restructuring charges (8 ) (24 ) (32 ) (67 ) (b) Other reconciling items: Non-service cost components associated with U.S. based funded pension plans (3 ) 1 (9 ) 1 Stock appreciation rights — — — 1 Other — (1 ) 1 (3 ) Total other reconciling items $ (3 ) $ — $ (8 ) $ (1 ) Total assets are as follows: September 30 December 31 2016 2015 Powertrain $ 4,132 $ 3,997 Motorparts 3,013 3,141 Total Reporting Segment Assets 7,145 7,138 Corporate 172 90 Total Company Assets $ 7,317 $ 7,228

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Insight Portfolio Group, LLC (“Insight”) is an entity formed and controlled by IEP in order to maximize the potential buying power of a group of entities with which IEP has a relationship in negotiating with a wide range of suppliers of goods, services, and tangible and intangible property at negotiated rates. The Company acquired a minority equity interest in Insight and agreed to pay a portion of Insight’s operating expenses beginning in 2013. In addition to the minority equity interest held by the Company, certain subsidiaries of IEP and other entities with which IEP has a relationship also acquired equity interests in Insight and also agreed to pay certain operating expenses. The Company’s payments to Insight were less than $0.5 million for the nine months ended September 30, 2016 and 2015. On June 1, 2015, IEP, the Company's parent, completed an acquisition of substantially all of the assets of Uni-Select USA, Inc. and Beck/Arnley Worldparts, Inc. comprising the U.S. automotive parts distribution of Uni-Select Inc ("Uni-Select"). Subsequent to the IEP acquisition of Uni-Select, Uni-Select changed its name to Auto Plus. Auto Plus is operated independently from the Company and transactions with Auto Plus are approved by the Company's audit committee in accordance with the Company's policy regarding related party transactions. In connection with IEP's acquisition of Auto Plus, Mr. Icahn resigned from the Company's board of directors and Daniel A. Ninivaggi, Co-Chief Executive Officer of the Company resigned from the board of directors of IEP. Subsequent to the IEP acquisition of Auto Plus, the Company had $17 million of sales from the date of acquisition through September 30, 2015 to Auto Plus and $19 million of accounts receivable outstanding from Auto Plus as of September 30, 2015. The Company had $13 million and $41 million of sales for the three and nine months ended September 30, 2016 to Auto Plus and $10 million of accounts receivable, net outstanding from Auto Plus as of September 30, 2016 . On February 3, 2016, IEP acquired a majority of the outstanding shares of Pep Boys - Manny, Moe & Jack ("Pep Boys"), a leading aftermarket provider of automotive service, tires, parts and accessories across the United States and Puerto Rico. On February 4, 2016, IEP completed the acquisition of the remaining outstanding shares of Pep Boys. The Company had $18 million and $20 million of sales for the three and nine months ended September 30, 2016 to Pep Boys and $19 million of accounts receivable, net outstanding from Pep Boys as of September 30, 2016 .

BASIS OF PRESENTATION AND SUM27

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Interim Financial Statements	Interim Financial Statements The unaudited condensed consolidated financial statements of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations. These statements include all adjustments (consisting of normal recurring adjustments) management believes are necessary for a fair presentation of the results of operations, comprehensive income, financial position, and cash flows. The Company’s management believes the disclosures are adequate to make the information presented not misleading when read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 filed on February 29, 2016 and the Company's Amended Annual Reports on Form 10-K/A for the year ended December 31, 2015 filed on March 30, 2016 and April 29, 2016. Operating results for the nine months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ended December 31, 2016.
Principles of Consolidation	Principles of Consolidation: The Company consolidates into its financial statements all wholly-owned and any partially-owned subsidiaries the Company has the ability to control. Control generally equates to ownership percentage, whereby investments more than 50% owned are consolidated, investments in affiliates of 50% or less but greater than 20% are accounted for using the equity method, and investments in affiliates of 20% or less are accounted for using the cost method. See Note 11, Investment in Nonconsolidated Affiliates , for discussion regarding the Company's subsidiaries that were subject to regulatory control. The Company does not consolidate any entity for which it has a variable interest based solely on power to direct the activities and significant participation in the entity’s expected results that would not otherwise be consolidated based on control through voting interests. Further, the Company’s affiliates are businesses established and maintained in connection with the Company's operating strategy. All intercompany transactions and balances have been eliminated.
Reclassifications	Reclassifications: Certain reclassifications from the prior year presentation have been made to conform to the current year presentation.
Concentrations of Credit Risk	Concentrations of Credit Risk: Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of accounts receivable, cash deposits, cash equivalents, and derivatives. The Company’s customer base includes virtually every significant global light and commercial vehicle manufacturer and a large number of distributors, installers, and retailers of automotive aftermarket parts. The Company’s credit evaluation process and the geographical dispersion of sales transactions help to mitigate credit risk concentration. The Company only utilizes well-known and highly creditworthy financial institutions for cash deposits and investments in cash equivalents or as a counterparty to derivative transactions.
Factoring of Trade Accounts Receivable	Factoring of Accounts Receivable: The Company's subsidiaries in Brazil, France, Germany, Italy, Canada, and the United States are party to accounts receivable factoring and securitization facilities. Amounts factored under these facilities consist of the following: September 30 December 31 2016 2015 Gross accounts receivable factored $ 519 $ 408 Gross accounts receivable factored, qualifying as sales $ 510 $ 401 Undrawn cash on factored accounts receivable $ 1 $ 1 Proceeds from the factoring of accounts receivable qualifying as sales and expenses associated with the factoring of receivables are as follows: Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Proceeds from factoring qualifying as sales $ 311 $ 380 $ 1,153 $ 1,180 Financing charges $ (2 ) (3 ) $ (9 ) $ (7 ) Accounts receivable factored but not qualifying as a sale were pledged as collateral and accounted for as secured borrowings and recorded in the condensed consolidated balance sheets within “Accounts receivable, net” and “Short-term debt, including the current portion of long-term debt.” The financing charges are recorded in the condensed consolidated statements of operations within “Other income (expense), net.” Where the Company receives a fee to service and monitor these transferred receivables, such fees are sufficient to offset the costs and as such, a servicing asset or liability is not recorded as a result of such activities. Certain of the facilities contain terms that require the Company to share in the credit risk of the factored receivables. The maximum exposures to the Company associated with these certain facilities’ terms were $5 million and $11 million as of September 30, 2016 and December 31, 2015 .
Changes in Accounting Principle and Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . The updated guidance enhances the reporting model for financial instruments, which includes amendments to address aspects of recognition, measurement, presentation, and disclosure. The amendments in the ASU are effective prospectively for fiscal years beginning after December 15, 2017, and interim periods therein, with early adoption not permitted. The Company is currently evaluating the potential effects of this pronouncement. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), that replaces existing lease guidance. The new standard is intended to provide enhanced transparency and comparability by requiring lessees to record right-of-use assets and corresponding lease liabilities on the balance sheet. The new guidance will continue to classify leases as either finance or operating, with classification affecting the pattern of expense recognition in the statement of income. The standard is effective for the Company beginning January 1, 2019, with early application permitted. The new standard is required to be applied with a modified retrospective approach to each prior reporting period presented with various optional practical expedients. The Company is currently evaluating the potential effects of this pronouncement. As disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2015, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers , which provides a single comprehensive model for entities to use in accounting for revenue recognition, with subsequent amendments in 2015. In 2016, the FASB issued ASU No. 2016-08, ASU No. 2016-10, ASU No. 2016-11, and ASU 2016-12 which amend the implementation guidance and illustrations in the new standard. The Company continues to evaluate the effects of these accounting pronouncements and will adopt this new guidance on January 1, 2018 using the modified retrospective application method. Changes in Accounting Principle In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-03, Simplifying the Presentation of Debt Issuance Costs . The accounting guidance requires debt issuance costs related to a recognized debt liability be reported in the consolidated balance sheets as a direct deduction from the carrying amount of that debt liability. The guidance is effective retrospectively and the Company has adopted this guidance in the first quarter of 2016.
Fair Value Measurements and Disclosures	ASC 820, Fair Value Measurements and Disclosures (“ASC 820”), clarifies fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based upon assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1: Observable inputs such as quoted prices in active markets; Level 2: Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. An asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. Estimates of the fair value of commodity derivative instruments are determined using exchange traded prices and rates.

BASIS OF PRESENTATION AND SUM28

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Summary of Accounts Receivable Factoring and Securitization Facilities	Amounts factored under these facilities consist of the following: September 30 December 31 2016 2015 Gross accounts receivable factored $ 519 $ 408 Gross accounts receivable factored, qualifying as sales $ 510 $ 401 Undrawn cash on factored accounts receivable $ 1 $ 1
Proceeds From Factoring of Accounts Receivable Qualifying as Sales and Expenses Associated With Factoring of Receivable	Proceeds from the factoring of accounts receivable qualifying as sales and expenses associated with the factoring of receivables are as follows: Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Proceeds from factoring qualifying as sales $ 311 $ 380 $ 1,153 $ 1,180 Financing charges $ (2 ) (3 ) $ (9 ) $ (7 )
Schedule of changes in accounting principle	The adoption of this accounting guidance to the consolidated and condensed consolidated financial statements is summarized below: September 30, 2016 Condensed Consolidated Balance Sheet Prior Accounting Principles Effect of Accounting Change As Reported Other noncurrent assets $ 168 (9 ) $ 159 Long-term debt $ 2,946 (9 ) $ 2,937 December 31, 2015 Consolidated Balance Sheet Previously Reported Effect of Accounting Change Recast Other noncurrent assets $ 184 (10 ) $ 174 Long-term debt $ 2,924 (10 ) $ 2,914
Schedule of Changes in Noncontrolling Interests	Noncontrolling Interests The following table presents a rollforward of the changes in noncontrolling interests: Nine months ended September 30, 2016 Equity balance of noncontrolling interests as of January 1 $ 132 Comprehensive income (loss): Net income 4 Foreign currency adjustments and other 5 Equity balance of noncontrolling interests as of September 30 $ 141

RESTRUCTURING CHARGES AND ASS29

RESTRUCTURING CHARGES AND ASSET IMPAIRMENTS (Tables)	9 Months Ended
	Sep. 30, 2016
Restructuring and Related Activities [Abstract]
Net Restructuring Costs By Type Of Exit Cost	Three Months Ended September 30, 2016 2015 Powertrain Motorparts Total Powertrain Motorparts Total Severance and other charges, net $ (6 ) $ (1 ) $ (7 ) $ (17 ) $ (1 ) $ (18 ) Asset impairments related to restructuring activities — — — — — $ — Total restructuring charges (6 ) (1 ) (7 ) (17 ) (1 ) $ (18 ) Other asset impairments — (1 ) (1 ) (5 ) (1 ) (6 ) Total restructuring charges and asset impairments $ (6 ) $ (2 ) $ (8 ) $ (22 ) $ (2 ) $ (24 ) Nine Months Ended September 30, 2016 2015 Powertrain Motorparts Total Powertrain Motorparts Total Severance and other charges, net $ (20 ) $ (8 ) $ (28 ) $ (25 ) $ (32 ) $ (57 ) Asset impairments related to restructuring activities — — — — (1 ) (1 ) Total restructuring charges (20 ) (8 ) (28 ) (25 ) (33 ) (58 ) Other asset impairments — (4 ) (4 ) (7 ) (2 ) (9 ) Total restructuring charges and asset impairments $ (20 ) $ (12 ) $ (32 ) $ (32 ) $ (35 ) $ (67 )
Summary of Company's Restructuring Liabilities by Reporting Segment	The following table provides a quarterly summary of the Company’s restructuring liabilities and related activity as of and for the nine months ended September 30, 2016 and 2015 by reporting segment: Powertrain Motorparts Total Corporate Total Balance at December 31, 2015 $ 33 $ 47 $ 80 $ — $ 80 Provisions 12 3 15 — 15 Payments (5 ) (6 ) (11 ) — (11 ) Foreign Currency 1 1 2 — 2 Balance at March 31, 2016 41 45 86 — 86 Provisions 2 4 6 — 6 Payments (7 ) (6 ) (13 ) — (13 ) Foreign Currency (1 ) (1 ) (2 ) — (2 ) Balance at June 30, 2016 35 42 77 — 77 Provisions 6 4 10 — 10 Reversals — (3 ) (3 ) — (3 ) Payments (7 ) (7 ) (14 ) — (14 ) Foreign Currency 1 — 1 — 1 Balance at September 30, 2016 $ 35 $ 36 $ 71 $ — $ 71 Powertrain Motorparts Total Reporting Segment Corporate Total Company Balance at December 31, 2014 $ 36 $ 16 $ 52 $ 1 $ 53 Provisions 6 6 12 — 12 Payments (10 ) (5 ) (15 ) (1 ) (16 ) Acquisitions 2 — 2 — 2 Foreign Currency (3 ) (1 ) (4 ) — (4 ) Balance at March 31, 2015 31 16 47 — 47 Provisions 6 25 31 — 31 Reversals (4 ) — (4 ) — (4 ) Payments (16 ) (6 ) (22 ) — (22 ) Balance at June 30, 2015 17 35 52 — 52 Provisions 17 1 18 — 18 Payments (4 ) (6 ) (10 ) — (10 ) Balance at September 30, 2015 $ 30 $ 30 $ 60 $ — $ 60
Summary of Company's Restructuring Liabilities and Related Activity for Each Type of Exit Cost	The following table provides a quarterly summary of the Company’s restructuring liabilities and related activity for each type of exit cost as of and for the three and nine months ended September 30, 2016 and 2015 . As the table indicates, facility closure costs are typically paid within the quarter of incurrence. Employee Facility Closure and Other Total Balance at December 31, 2015 $ 79 $ 1 $ 80 Provisions 13 2 15 Payments (9 ) (2 ) (11 ) Foreign Currency 2 — 2 Balance at March 31, 2016 85 1 86 Provisions 5 1 6 Payments (12 ) (1 ) (13 ) Foreign Currency (2 ) — (2 ) Balance at June 30, 2016 76 1 77 Provisions 9 1 10 Reversals (3 ) — (3 ) Payments (13 ) (1 ) (14 ) Foreign Currency 1 — 1 Balance at September 30, 2016 $ 70 $ 1 $ 71 Employee Costs Facility Closure and Other Costs Total Balance at December 31, 2014 $ 51 $ 2 $ 53 Provisions 10 2 12 Payments (13 ) (3 ) (16 ) Acquisitions 2 — 2 Foreign Currency (4 ) — (4 ) Balance at March 31, 2015 46 1 47 Provisions 29 2 31 Reversals (4 ) — (4 ) Payments (20 ) (2 ) (22 ) Balance at June 30, 2015 51 1 52 Provisions 17 1 18 Payments (9 ) (1 ) (10 ) Balance at September 30, 2015 $ 59 $ 1 $ 60

OTHER INCOME (EXPENSE), NET (Ta

OTHER INCOME (EXPENSE), NET (Tables)	9 Months Ended
	Sep. 30, 2016
Other Income and Expenses [Abstract]
Schedule of Other Expense, Net	The specific components of “ Other income (expense), net ” are as follows: Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Loss on sale of equity method investment (a) $ — $ — $ — $ (11 ) Foreign currency transaction gain (loss) (2 ) — (1 ) — Gain (loss) on sale of assets (1 ) — 8 4 Third-party royalty income 2 1 5 5 Legal separation costs — (1 ) — (3 ) Financing charges (2 ) (3 ) (9 ) (7 ) Other 6 3 12 9 $ 3 $ — $ 15 $ (3 ) (a) See Note 11, Investment in Nonconsolidated Affiliates , for further details.

ACQUISITIONS Acquisitions (Tabl

ACQUISITIONS Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
Schedule of Fair Values of Assets and Liabilities Assumed	The following table summarizes the fair value of the assets acquired and liabilities assumed at the acquisition date: Fair Value Cash $ 14 Accounts receivable, net 31 Inventory, net 36 Property, plant and equipment, net 234 Goodwill 74 Other identified intangible assets 107 Accounts payable (22 ) Accrued liabilities (39 ) Acquired postemployment benefits (46 ) Other net assets 1 Total identifiable net assets $ 390
Schedule of Pro Forma Results	The following proforma results for the three and nine months ended September 30, 2016 and 2015 assume the purchase of the TRW valvetrain business occurred as of the beginning of 2015 and are inclusive of provisional purchase price adjustments. The proforma results are not necessarily indicative of the results that actually would have been obtained. Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Net sales $ 1,825 $ 1,824 $ 5,646 $ 5,665 Net income (loss) attributable to Federal-Mogul $ 15 $ (62 ) $ 81 $ (52 ) Earnings (loss) per share attributable to Federal-Mogul - basic and diluted $ 0.09 $ (0.37 ) $ 0.48 $ (0.32 )

DERIVATIVES AND HEDGING ACTIV32

DERIVATIVES AND HEDGING ACTIVITIES (Tables)	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Outstanding Commodity Price Hedge Contracts	Information regarding the Company’s outstanding commodity price hedge contracts is as follows: September 30 December 31 2016 2015 Combined notional value $ 17 $ 28 Combined notional value designated as hedging instruments $ 17 $ 28 Unrealized net (loss) gain recorded in “Accumulated other comprehensive loss” $ — $ (2 ) Net asset (liability) position $ 1 $ (3 )

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Assets and Liabilities Remeasured and Disclosed at Fair Value on Recurring Basis	Estimated fair values of the Company’s term loans were: September 30, 2016 December 31, 2015 Carrying Value Fair Value Carrying Value Fair Value Measurement Approach Term Loans $ 2,535 $ 2,479 $ 2,551 $ 2,273 Level 2 Assets and liabilities remeasured and disclosed at fair value on a recurring basis at September 30, 2016 and December 31, 2015 are set forth in the table below: Asset/(Liability) Level 2 September 30, 2016 Commodity contracts $ 1 $ 1 December 31, 2015 Commodity contracts $ (3 ) $ (3 )

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2016
Inventory Disclosure [Abstract]
Net Inventories	Net inventories consist of the following: September 30 December 31 2016 2015 Raw materials $ 275 $ 254 Work-in-process 193 175 Finished products 1,003 1,027 1,471 1,456 Inventory valuation allowance (132 ) (114 ) $ 1,339 $ 1,342

GOODWILL AND OTHER INTANGIBLE35

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Components of Definite-Lived Intangible Assets	At September 30, 2016 and December 31, 2015 , intangible assets consist of the following: September 30, 2016 December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Definite-lived intangible assets: Developed technology $ 140 $ (97 ) $ 43 $ 140 $ (86 ) $ 54 Customer relationships 683 (366 ) 317 683 (333 ) 350 $ 823 $ (463 ) $ 360 $ 823 $ (419 ) $ 404 Indefinite-lived intangible assets: Trademarks and brand names $ 228 $ 230 A summary of changes in the net carrying amounts of goodwill by segment are as follows Nine Months Ended September 30, 2016 Powertrain Motorparts Total Net carrying amount, December 31 $ 512 $ 161 $ 673 Acquisitions and purchase accounting adjustments 6 — 6 Foreign exchange 6 — 6 Net carrying amount, March 31 524 161 685 Acquisitions and purchase accounting adjustments — — — Impairment charges (6 ) — (6 ) Foreign exchange — — — Net carrying amount, June 30 518 161 679 Acquisitions and purchase accounting adjustments — — — Impairment charges — — — Foreign exchange — — — Net carrying amount, September 30 $ 518 $ 161 $ 679 Powertrain Motorparts Total Accumulated impairment charges at September 30, 2016 $ 142 $ 648 $ 790 Accumulated impairment charges at December 31, 2015 $ 136 $ 648 $ 784
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	The Company's recorded amortization expense associated with definite-lived intangible assets was: Nine Months Ended September 30, 2016 2015 Amortization expense $ 44 $ 45
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The Company’s expected future amortization expense for its definite-lived intangible assets is as follows: Remaining 2016 2017 2018 2019 2020 2021 and thereafter Total Expected amortization expenses 15 58 49 49 49 140 $ 360

INVESTMENTS IN NONCONSOLIDATE36

INVESTMENTS IN NONCONSOLIDATED AFFILIATES (Tables)	9 Months Ended
	Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]
Aggregate Investments and Direct Ownership in Affiliates	The following represents the Company’s aggregate investments and direct ownership in these affiliates: September 30 December 31 2016 2015 Investments in nonconsolidated affiliates $ 275 $ 296 Direct ownership percentages 2% to 50% 2% to 50%
Representation of Amounts Reflected in Company's Financial Statements Related to Non-Consolidated Affiliates	The following table represents amounts reflected in the Company’s financial statements related to nonconsolidated affiliates: Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Equity earnings of nonconsolidated affiliates $ 11 $ 9 $ 44 $ 37 Cash dividends received from nonconsolidated affiliates $ 6 $ — $ 71 $ 6
Aggregated Financial Information of Non-Consolidated Affiliates	The following tables present summarized aggregated financial information of the Company’s nonconsolidated affiliates for the three and nine months ended September 30, 2016 and 2015 . The amounts represent 100% of the interest in the nonconsolidated affiliates and not the Company's proportionate share. Three months ended September 30, 2016 Statements of Operations Turkey JVs Anqing TP Goetze All Other Total Sales $ 77 $ 37 $ 114 $ 228 Gross profit $ 17 $ 12 $ 22 $ 51 Income from continuing operations $ 12 $ 9 $ 13 $ 34 Net income $ 11 $ 9 $ 12 $ 32 Three months ended September 30, 2015 Statements of Operations Turkey JVs Anqing TP Goetze All Other Total Sales $ 80 $ 31 $ 82 $ 193 Gross profit $ 17 $ 8 $ 11 $ 36 Income from continuing operations $ 13 $ 7 $ 5 $ 25 Net income $ 11 $ 8 $ 4 $ 23 Nine Months Ended September 30, 2016 Statements of Operations Turkey JVs Anqing TP Goetze All Other Total Sales $ 264 $ 117 $ 347 $ 728 Gross profit $ 67 $ 36 $ 74 $ 177 Income from continuing operations $ 55 $ 30 $ 45 $ 130 Net income $ 45 $ 30 $ 42 $ 117 Nine Months Ended September 30, 2015 Statements of Operations Turkey JVs Anqing TP Goetze All Other Total Sales $ 248 $ 123 $ 254 $ 625 Gross profit $ 56 $ 38 $ 31 $ 125 Income from continuing operations $ 50 $ 34 $ 16 $ 100 Net income $ 41 $ 35 $ 15 $ 91

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Components of Long-Term Debt	The following is a summary of debt outstanding as of September 30, 2016 and December 31, 2015: September 30 December 31 2016 2015 Loans under facilities: Revolver $ 390 $ 340 Tranche B term loan 686 691 Tranche C term loan 1,862 1,876 Debt discount (7 ) (8 ) Unamortized debt issuance fees (8 ) (10 ) Other debt, primarily foreign instruments 188 163 3,111 3,052 Less: Short-term debt, including current maturities of long-term debt (174 ) (138 ) Total long-term debt $ 2,937 $ 2,914
Amortization of Fair Value Adjustment	Interest expense associated with the amortization of the debt issuance costs recognized in the Company’s condensed consolidated statements of operations, consists of the following: Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Amortization of debt issuance fees $ 1 $ 1 $ 2 $ 2 Amortization of original issue discount 1 — 1 1 $ 2 $ 1 $ 3 $ 3

PENSIONS AND OTHER POSTEMPLOY38

PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS (Tables)	9 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Net Periodic Benefit Cost (Credit)	Components of net periodic benefit cost (credit) for the three months ended September 30, 2016 and 2015 are as follows: Pension Benefits Other Postretirement United States Plans Non-U.S. Plans Benefits 2016 2015 2016 2015 2016 2015 Service cost $ 1 $ — $ 3 $ 4 $ — $ — Interest cost 12 12 3 4 3 3 Expected return on plan assets (12 ) (15 ) — — — — Amortization of actuarial losses 3 3 2 2 1 2 Amortization of prior service credits — — — — (1 ) (1 ) Net periodic benefit cost $ 4 $ — $ 8 $ 10 $ 3 $ 4 Components of net periodic benefit cost (credit) for the nine months ended September 30, 2016 and 2015 are as follows: Pension Benefits Other Postretirement United States Plans Non-U.S. Plans Benefits 2016 2015 2016 2015 2016 2015 Service cost $ 2 $ 2 $ 10 $ 12 $ — $ — Interest cost 36 36 9 8 9 10 Expected return on plan assets (36 ) (44 ) — (1 ) — — Amortization of actuarial losses 9 8 4 8 2 4 Amortization of prior service credits — — — — (3 ) (3 ) Net periodic benefit cost $ 11 $ 2 $ 23 $ 27 $ 8 $ 11

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Total Environmental Liabilities	Total environmental liabilities, determined on an undiscounted basis, are included in the condensed consolidated balance sheets as follows: September 30 December 31 2016 2015 Other current liabilities $ 4 $ 4 Other accrued liabilities (noncurrent) 8 10 $ 12 $ 14
Liabilities for Asset Retirement Obligation	The Company has identified sites with contractual obligations and several sites that are closed or expected to be closed and sold. In connection with these sites, the Company maintains ARO liabilities in the condensed consolidated balance sheets as follows: September 30 December 31 2016 2015 Other current liabilities $ 2 $ 2 Other accrued liabilities (noncurrent) 14 14 $ 16 $ 16
Rollforward Of Company's Asset Retirement Obligation Liability	The following is a rollforward of the Company’s ARO liability for the three and nine months ended September 30, 2015 : Balance at December 31, 2014 $ 24 Liabilities settled/adjustments (3 ) Foreign Currency (2 ) Balance at March 31, 2015 19 Liabilities settled/adjustments 1 Balance at June 30, 2015 20 Liabilities settled/adjustments (1 ) Balance at September 30, 2015 $ 19

CHANGES IN ACCUMULATED OTHER 40

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT (NET OF TAX) (Tables)	9 Months Ended
	Sep. 30, 2016
Changes In Accumulated Other Comprehensive Income Loss By Component [Abstract]
Changes in AOCI By Components	The following represents the Company’s changes in accumulated other comprehensive loss ("AOCL") by component for the three and nine months ended September 30, 2016 and 2015 : Three Months Ended September 30 Nine Months Ended September 30 2016 2015 2016 2015 Foreign currency translation adjustments and other Balance at beginning of period $ (733 ) $ (577 ) $ (714 ) $ (482 ) Other comprehensive income (loss) before reclassification adjustment, net of tax 4 (88 ) (14 ) (183 ) Reclassification from other comprehensive income (loss) — — (1 ) — Other comprehensive loss, net of tax 4 (88 ) (15 ) (183 ) Balance at end of period $ (729 ) $ (665 ) $ (729 ) $ (665 ) Pensions and postretirement benefits Balance at beginning of period $ (580 ) $ (621 ) $ (587 ) $ (643 ) Other comprehensive income (loss) before reclassifications — — — 11 Reclassification from other comprehensive income (loss) (a) 5 6 12 17 Income tax — 2 — 2 Other comprehensive income (loss), net of tax 5 8 12 30 Balance at end of period $ (575 ) $ (613 ) $ (575 ) $ (613 ) Hedge instruments Balance at beginning of period $ (16 ) $ (18 ) $ (17 ) $ (17 ) Other comprehensive income (loss) before reclassifications 1 (1 ) — (3 ) Reclassification from other comprehensive income (loss) (b) — 1 2 2 Other comprehensive income (loss), net of tax 1 — 2 (1 ) Balance at end of period $ (15 ) $ (18 ) $ (15 ) $ (18 ) Other comprehensive income (loss) attributable to noncontrolling interests, net of tax (c) $ 1 $ (4 ) $ 5 $ (6 ) (a) Includes amortization of prior service costs/credits and actuarial gains/losses which are included in cost of products sold, and selling, general, and administrative. Refer to Note 13 for additional information. (b) Includes commodity contacts which are included in cost of products sold. Refer to Note 7 for additional information. (c) Consists of foreign currency translation adjustments.

INCOME (LOSS) PER COMMON SHARE

INCOME (LOSS) PER COMMON SHARE INCOME (LOSS) PER COMMON SHARE (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of basic and diluted income (loss) per common share attributable to Federal-Mogul: Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Amounts attributable to Federal-Mogul: Net income (loss) from continuing operations $ 15 $ (63 ) $ 81 $ (59 ) Gain from discontinued operations, net of income tax — — — 7 Net income (loss) $ 15 $ (63 ) $ 81 $ (52 ) Weighted average shares outstanding, basic and diluted 169.0 169.0 169.0 163.2 Net income (loss) per common share attributable to Federal-Mogul Basic and diluted: Net income (loss) from continuing operations $ 0.09 $ (0.37 ) $ 0.48 $ (0.36 ) Gain from discontinued operations, net of income tax — — — 0.04 Net income (loss) $ 0.09 $ (0.37 ) $ 0.48 $ (0.32 )

OPERATIONS BY REPORTING SEGME42

OPERATIONS BY REPORTING SEGMENT (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Summary of Net Sales, Cost of Products Sold and Gross Margin Information	Net sales, cost of products sold and gross profit information are as follows: Three Months Ended September 30 Net Sales Cost of Products Sold Gross Profit 2016 2015 2016 2015 2016 2015 Powertrain $ 1,089 $ 1,079 $ (963 ) $ (955 ) $ 126 $ 124 Motorparts 797 817 (648 ) (678 ) 149 139 Inter-segment eliminations (61 ) (72 ) 61 72 — — Total Reporting Segment $ 1,825 $ 1,824 $ (1,550 ) $ (1,561 ) $ 275 $ 263 Inter-segment eliminations attributable to sales from Powertrain to Motorparts $ 54 $ 64 Inter-segment eliminations attributable to sales from Motorparts to Powertrain $ 7 $ 8 Nine Months Ended September 30 Net Sales Cost of Products Sold Gross Profit 2016 2015 2016 2015 2016 2015 Powertrain $ 3,389 $ 3,384 $ (2,976 ) $ (2,978 ) $ 413 $ 406 Motorparts 2,446 2,461 (1,992 ) (2,063 ) 454 398 Inter-segment eliminations (189 ) (224 ) 189 224 — — Total Reporting Segment $ 5,646 $ 5,621 $ (4,779 ) $ (4,817 ) $ 867 $ 804 Inter-segment eliminations attributable to sales from Powertrain to Motorparts $ 163 $ 197 Inter-segment eliminations attributable to sales from Motorparts to Powertrain $ 26 $ 27
Summary of Net Income (Loss)	Operational EBITDA and the reconciliation to net income (loss) are as follows: Three Months Ended September 30 Nine Months Ended September 30 2016 2015 2016 2015 Powertrain $ 104 $ 97 $ 358 $ 323 Motorparts 69 59 204 157 Total Operational EBITDA 173 156 562 480 Items required to reconcile Operational EBITDA to EBITDA: Restructuring charges and asset impairments (a) (8 ) (24 ) (32 ) (67 ) Goodwill and intangible impairment expense, net — (56 ) (6 ) (50 ) Loss on sale of equity method investment — — — (11 ) Financing charges (2 ) (3 ) (9 ) (7 ) Discontinued operations — — — 7 Transaction related costs (2 ) (1 ) (4 ) (7 ) Segmentation costs — (1 ) — (3 ) Other (b) (3 ) — (8 ) (1 ) EBITDA 158 71 503 341 Items required to reconcile EBITDA to net income (loss): Depreciation and amortization (95 ) (88 ) (275 ) (254 ) Interest expense, net (37 ) (36 ) (110 ) (103 ) Income tax (expense) benefit (10 ) (9 ) (33 ) (32 ) Net income (loss) $ 16 $ (62 ) $ 85 $ (48 ) Three Months Ended September 30 Nine Months Ended September 30 Footnotes: 2016 2015 2016 2015 (a) Restructuring charges and asset impairments, net: Restructuring charges related to severance and other charges, net $ (7 ) $ (18 ) $ (28 ) $ (58 ) Asset impairments, including impairments related to restructuring activities (1 ) (6 ) (4 ) (9 ) Total restructuring charges (8 ) (24 ) (32 ) (67 ) (b) Other reconciling items: Non-service cost components associated with U.S. based funded pension plans (3 ) 1 (9 ) 1 Stock appreciation rights — — — 1 Other — (1 ) 1 (3 ) Total other reconciling items $ (3 ) $ — $ (8 ) $ (1 )
Summary of Total Assets	Total assets are as follows: September 30 December 31 2016 2015 Powertrain $ 4,132 $ 3,997 Motorparts 3,013 3,141 Total Reporting Segment Assets 7,145 7,138 Corporate 172 90 Total Company Assets $ 7,317 $ 7,228

DESCRIPTION OF BUSINESS (Detail

DESCRIPTION OF BUSINESS (Details) - $ / shares	Sep. 30, 2016	Sep. 06, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Common stock, par value	$ 0.01	$ 0.01	$ 0.01
Majority Shareholder [Member]
Related Party Transaction [Line Items]
Proposed price per share in business merger		$ 9.25

Basis Of Presentation And Sum44

Basis Of Presentation And Summary Of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Minimum Percentage of Ownership in Investments for Consolidation	50.00%
Maximum exposures to accounts receivable factoring and securitization facilities	$ 5	$ 11
Minimum [Member] | Equity Method Investments [Member]
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Percentage of investment in affiliates	20.00%
Maximum [Member]
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Percentage of investment in affiliates	50.00%	50.00%
Maximum [Member] | Cost Method Investments [Member]
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Percentage of investment in affiliates	20.00%

Basis Of Presentation And Sum45

Basis Of Presentation And Summary Of Significant Accounting Policies - Summary of Accounts Receivable Factoring and Securitization Facilities (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Gross accounts receivable factored	$ 519	$ 408
Gross accounts receivable factored, qualifying as sales	510	401
Undrawn cash on factored accounts receivable	$ 1	$ 1

Basis Of Presentation And Sum46

Basis Of Presentation And Summary Of Significant Accounting Policies - Proceeds from Factoring of Accounts Receivable Qualifying as Sales and Expenses Associated with Factoring of Accounts Receivable (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Accounting Policies [Abstract]
Proceeds from factoring qualifying as sales	$ 311	$ 380	$ 1,153	$ 1,180
Expenses associated with factoring of receivables	$ (2)	$ (3)	$ (9)	$ (7)

Basis Of Presentation And Sum47

Basis Of Presentation And Summary Of Significant Accounting Policies - Debt Issuance Costs (Details) - New Accounting Pronouncement, Early Adoption, Effect [Member] - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Other Noncurrent Assets [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Debt issuance cost	$ 159	$ 174
Long-term Debt [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Debt issuance cost	2,937	2,914
Previously Reported [Member] | Other Noncurrent Assets [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Debt issuance cost	168	184
Previously Reported [Member] | Long-term Debt [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Debt issuance cost	2,946	2,924
Effect Of Accounting Change [Member] | Other Noncurrent Assets [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Debt issuance cost	(9)	(10)
Effect Of Accounting Change [Member] | Long-term Debt [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Debt issuance cost	$ (9)	$ (10)

Basis Of Presentation And Sum48

Basis Of Presentation And Summary Of Significant Accounting Policies - Schedule of Changes in Noncontrolling Interests (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Equity balance of noncontrolling interests as of January 1			$ 132
Comprehensive income (loss):
Net income	$ 1	$ 1	4	$ 4
Foreign currency adjustments and other	1	$ (4)	5	$ (6)
Equity balance of noncontrolling interests as of September 30	$ 141		$ 141

Restructuring Charges And Ass49

Restructuring Charges And Asset Impairments - Net Restructuring Costs by Type of Exit Cost (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Restructuring Cost and Reserve [Line Items]
Severance and other charges, net	$ (7)	$ (18)	$ (28)	$ (57)
Asset impairments related to restructuring activities	0	0	0	(1)
Total restructuring charges	(7)	(18)	(28)	(58)
Other asset impairments	(1)	(6)	(4)	(9)
Other asset impairments			(4)	(9)
Restructuring charges and asset impairments	(8)	(24)	(32)	(67)
Powertrain [Member]
Restructuring Cost and Reserve [Line Items]
Severance and other charges, net	(6)	(17)	(20)	(25)
Asset impairments related to restructuring activities	0	0	0	0
Total restructuring charges	(6)	(17)	(20)	(25)
Other asset impairments	0	(5)
Other asset impairments			0	(7)
Restructuring charges and asset impairments	(6)	(22)	(20)	(32)
Motorparts [Member]
Restructuring Cost and Reserve [Line Items]
Severance and other charges, net	(1)	(1)	(8)	(32)
Asset impairments related to restructuring activities	0	0	0	(1)
Total restructuring charges	(1)	(1)	(8)	(33)
Other asset impairments	(1)	(1)
Other asset impairments			(4)	(2)
Restructuring charges and asset impairments	$ (2)	$ (2)	$ (12)	$ (35)

Restructuring Charges And Ass50

Restructuring Charges And Asset Impairments - Summary of Company's Restructuring Liabilities by Reporting Segment (Detail) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2016	Sep. 30, 2015
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	$ 77	$ 86	$ 80	$ 52	$ 47	$ 53	$ 80	$ 53
Provisions	10	6	15	18	31	12
Reversals	(3)				(4)
Payments	(14)	(13)	(11)	(10)	(22)	(16)	(38)	(48)
Acquisitions						2
Foreign Currency	1	(2)	2			(4)
Restructuring Reserve, Ending Balance	71	77	86	60	52	47	71	60
Motorparts [Member]
Restructuring Reserve [Roll Forward]
Reversals	(3)
Total Reporting Segments [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	77	86	80	52	47	52	80	52
Provisions	10	6	15	18	31	12
Reversals	(3)				(4)
Payments	(14)	(13)	(11)	(10)	(22)	(15)
Acquisitions						2
Foreign Currency	1	(2)	2			(4)
Restructuring Reserve, Ending Balance	71	77	86	60	52	47	71	60
Total Reporting Segments [Member] | Powertrain [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	35	41	33	17	31	36	33	36
Provisions	6	2	12	17	6	6
Reversals	0				(4)
Payments	(7)	(7)	(5)	(4)	(16)	(10)
Acquisitions						2
Foreign Currency	1	(1)	1			(3)
Restructuring Reserve, Ending Balance	35	35	41	30	17	31	35	30
Total Reporting Segments [Member] | Motorparts [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	42	45	47	35	16	16	47	16
Provisions	4	4	3	1	25	6
Reversals					0
Payments	(7)	(6)	(6)	(6)	(6)	(5)
Acquisitions						0
Foreign Currency	0	(1)	1			(1)
Restructuring Reserve, Ending Balance	36	42	45	30	35	16	36	30
Corporate [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	0	0	0	0	0	1	0	1
Provisions	0	0	0	0	0	0
Reversals	0				0
Payments	0	0	0	0	0	(1)
Acquisitions						0
Foreign Currency	0	0	0			0
Restructuring Reserve, Ending Balance	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0

Restructuring Charges And Ass51

Restructuring Charges And Asset Impairments - Summary of Company's Restructuring Liabilities and Related Activity for Each Type of Exit Cost (Detail) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2016	Sep. 30, 2015
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	$ 77	$ 86	$ 80	$ 52	$ 47	$ 53	$ 80	$ 53
Provisions	10	6	15	18	31	12
Payments	(14)	(13)	(11)	(10)	(22)	(16)	(38)	(48)
Acquisitions						2
Foreign Currency	1	(2)	2			(4)
Reversals	(3)				(4)
Restructuring Reserve, Ending Balance	71	77	86	60	52	47	71	60
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	76	85	79	51	46	51	79	51
Provisions	9	5	13	17	29	10
Payments	(13)	(12)	(9)	(9)	(20)	(13)
Acquisitions						2
Foreign Currency	1	(2)	2			(4)
Reversals	(3)				(4)
Restructuring Reserve, Ending Balance	70	76	85	59	51	46	70	59
Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	1	1	1	1	1	2	1	2
Provisions	1	1	2	1	2	2
Payments	(1)	(1)	(2)	(1)	(2)	(3)
Acquisitions						0
Foreign Currency	0	0	0			0
Reversals	0				0
Restructuring Reserve, Ending Balance	$ 1	$ 1	$ 1	$ 1	$ 1	$ 1	$ 1	$ 1

Restructuring Charges And Ass52

Restructuring Charges And Asset Impairments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring charges including impairments related to restructuring	$ 7	$ 18		$ 28	$ 58
Restructuring Charges (Benefits) And Asset Impairment Charges	8	24		32	67
Restructuring Reserve, Accrual Adjustment	3		$ 4
Restructuring And Related Cost Estimated Additional Charges For New Restructuring Programs				1
Restructuring And Related Cost Estimated Additional Charges For Previously Existing Restructuring Programs				4
Impairment of assets held for sale				4	9
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Accrual Adjustment	3		4
Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Accrual Adjustment	0		$ 0
EMEA [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Accrual Adjustment	2
North America [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Accrual Adjustment	1
Powertrain [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges including impairments related to restructuring	6	17		20	25
Restructuring Charges (Benefits) And Asset Impairment Charges	6	22		20	32
Impairment of assets held for sale				0	7
Powertrain [Member] | EMEA [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges	5			14
Powertrain [Member] | North America [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges				3
Powertrain [Member] | North America [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges				3
Powertrain [Member] | Rest Of World [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges	1			2
Powertrain [Member] | Rest Of World [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges				1
Motorparts [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges including impairments related to restructuring	1	1		8	33
Restructuring Costs and Asset Impairment Charges	(5)			15
Restructuring Charges (Benefits) And Asset Impairment Charges	2	$ 2		12	35
Restructuring Reserve, Accrual Adjustment	3
Impairment of assets held for sale				4	$ 2
Motorparts [Member] | EMEA [Member]
Restructuring Cost and Reserve [Line Items]
Asset impairment charges	1			4
Motorparts [Member] | EMEA [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges				2
Motorparts [Member] | EMEA [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges	2			3
Motorparts [Member] | EMEA [Member] | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges	1
Motorparts [Member] | North America [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges				$ 3
Motorparts [Member] | North America [Member] | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs and Asset Impairment Charges	$ 1

Other Income (Expense), Net - S

Other Income (Expense), Net - Schedule of Specific Components of Other Income (Expense), Net (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Other Income and Expenses [Abstract]
Loss on sale of equity method investment	$ 0	$ 0	$ 0	$ (11)	$ (11)
Foreign currency transaction gain (loss)	(2)	0	(1)	0
Gain (loss) on sale of assets	(1)	0	8	4
Third-party royalty income	2	1	5	5
Legal separation costs	0	(1)	0	(3)
Financing charges	(2)	(3)	(9)	(7)
Other	6	3	12	9
Other income (expense), net	$ 3	$ 0	15	$ (3)
Gain related to sale of real estate made in a prior year			$ 9

ACQUISITIONS - Narrative (Detai

ACQUISITIONS - Narrative (Details) - USD ($) $ in Millions	May 26, 2016	Jul. 07, 2015	Feb. 06, 2015	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Business Acquisition [Line Items]
Acquisition related costs				$ 2	$ 1	$ 4	$ 7
Filter Manufacturing Business [Member] | Mexico
Business Acquisition [Line Items]
Purchase price	$ 25
Tangible net assets	$ 25
TRW Automotive, Inc [Member]
Business Acquisition [Line Items]
Tangible net assets		$ 390
Acquisition purchase price		56	$ 309
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Significant Inputs		$ 25
Majority Shareholder Ownership Percentage		66.00%
Acquisition related costs							$ 1

ACQUISITIONS - Estimated Fair V

ACQUISITIONS - Estimated Fair Values of Assets and Liabilities Assumed (Details) - TRW Automotive, Inc [Member] $ in Millions	Jul. 07, 2015USD ($)
Business Acquisition [Line Items]
Cash, net of assumed debt	$ 14
Accounts receivable, net	31
Inventory, net	36
Property, plant and equipment, net	234
Goodwill	74
Other identified intangible assets	107
Accounts payable	(22)
Accrued liabilities	(39)
Acquired postemployment benefits	(46)
Other net assets	1
Total identifiable net assets	$ 390

ACQUISITIONS - Pro Forma Result

ACQUISITIONS - Pro Forma Results (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Business Combinations [Abstract]
Business Acquisition, Pro Forma Revenue	$ 1,825	$ 1,824	$ 5,646	$ 5,665
Business Acquisition, Pro Forma Net Income (Loss)	$ 15	$ (62)	$ 81	$ (52)
Business Acquisition, Pro Forma Earnings Per Share, Basic	$ 0.09	$ (0.37)	$ 0.48	$ (0.32)

ASSETS HELD FOR SALE (Details)

ASSETS HELD FOR SALE (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of assets held for sale			$ 4	$ 9
Gain from discontinued operations, net of income tax	$ 0	$ 0	0	$ 7
Held for Sale Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net book value of assets	$ 5		5
Impairment of assets held for sale			$ 4
Contribution of cash to subsidiary					$ 12

Derivatives And Hedging Activ58

Derivatives And Hedging Activities - Schedule of Outstanding Commodity Price Hedge Contracts (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Derivative [Line Items]
Unrealized net (loss) gain recorded in “Accumulated other comprehensive loss”	$ 0	$ (2)
Net asset (liability) position	1	(3)
Commodity Contracts [Member]
Derivative [Line Items]
Combined notional value	17	28
Commodity Contracts [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Combined notional value	$ 17	$ 28

Fair Value Measurement - Assets

Fair Value Measurement - Assets and Liabilities Remeasured and Disclosed at Fair Value on Recurring Basis (Detail) - Fair Value Measurements, Recurring [Member] - Commodity Contracts [Member] - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value, Net Asset (Liability)	$ 1	$ (3)
Level 2 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value, Net Asset (Liability)	$ 1	$ (3)

Fair Value Measurement - Additi

Fair Value Measurement - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Impairment of assets held for sale	$ 4	$ 9

FAIR VALUE MEASUREMENTS Fair Va

FAIR VALUE MEASUREMENTS Fair Value Measurement - Assets Remeasured and Disclosed at Fair Value on Nonrecurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt, fair value	$ 2,479	$ 2,273
Term loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt, carrying value	$ 2,535	$ 2,551

Inventories - Net Inventories (

Inventories - Net Inventories (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Inventory Net
Raw materials	$ 275	$ 254
Work-in-process	193	175
Finished products	1,003	1,027
Gross inventory	1,471	1,456
Inventory valuation allowance	(132)	(114)
Total Inventories	$ 1,339	$ 1,342

Goodwill and Other Intangible63

Goodwill and Other Intangible Assets - Summary of Company's Goodwill and Other Intangible Assets (Net) (Detail) - USD ($) $ in Millions	3 Months Ended				9 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Goodwill [Roll Forward]
Goodwill, beginning of period	$ 679	$ 685	$ 673		$ 673
Acquisitions and purchase accounting adjustments	0	0	6
Impairment charges	0	(6)
Foreign exchange	0	0	6
Goodwill, end of period	679	679	685		679
Goodwill, Accumulated impairment charges	790				790		$ 784
Goodwill impairment charges	0			$ 56	6	$ 50
Amortization expense	15			$ 16	44	45
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
Remaining 2,016	15				15
2,017	58				58
2,018	49				49
2,019	49				49
2,020	49				49
2021 and thereafter	140				140
Total	360				360		404
Powertrain [Member]
Goodwill [Roll Forward]
Goodwill, beginning of period	518	524	512		512
Acquisitions and purchase accounting adjustments	0	0	6
Impairment charges	0	(6)
Foreign exchange	0	0	6
Goodwill, end of period	518	518	524		518
Goodwill, Accumulated impairment charges	142				142		136
Motorparts [Member]
Goodwill [Roll Forward]
Goodwill, beginning of period	161	161	161		161
Acquisitions and purchase accounting adjustments	0	0	0
Impairment charges	0	0
Foreign exchange	0	0	0
Goodwill, end of period	161	$ 161	$ 161		161
Goodwill, Accumulated impairment charges	$ 648				648		$ 648
Finite-Lived Intangible Assets [Member]
Goodwill [Roll Forward]
Amortization expense					$ 44	$ 45

Goodwill and Other Intangible64

Goodwill and Other Intangible Assets - Components of Goodwill and Other Intangible Assets (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Finite And Indefinite Lived Intangible Assets [Line Items]
Definite lived Intangible Assets, Gross Carrying Amount	$ 823	$ 823
Definite Lived Intangible Assets, Accumulated Amortization	(463)	(419)
Total	360	404
Trademarks and Brand Names [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Trademarks and brand names, Net Carrying Amount	228	230
Developed Technology Rights [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Definite lived Intangible Assets, Gross Carrying Amount	140	140
Definite Lived Intangible Assets, Accumulated Amortization	(97)	(86)
Total	43	54
Customer Relationships [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Definite lived Intangible Assets, Gross Carrying Amount	683	683
Definite Lived Intangible Assets, Accumulated Amortization	(366)	(333)
Total	$ 317	$ 350

Investments in NonConsolidate65

Investments in NonConsolidated Affiliates - Aggregate Investments and Direct Ownership in Affiliates (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Investments in and Advances to Affiliates [Line Items]
Investments in nonconsolidated affiliates	$ 275		$ 275		$ 296
Minimum Percentage of Ownership in Investments for Consolidation			50.00%
Loss on sale of equity method investment	$ 0	$ 0	$ 0	$ 11	$ 11
Minimum [Member]
Investments in and Advances to Affiliates [Line Items]
Direct ownership percentage	2.00%		2.00%		2.00%
Maximum [Member]
Investments in and Advances to Affiliates [Line Items]
Direct ownership percentage	50.00%		50.00%		50.00%

Investments in NonConsolidate66

Investments in NonConsolidated Affiliates - Representation of Amounts Reflected in Company's Financial Statements Related to Non-Consolidated Affiliates (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity earnings of nonconsolidated affiliates (Note 11)	$ 11	$ 9	$ 44	$ 37
Cash dividends received from nonconsolidated affiliates	$ 6	$ 0	$ 71	$ 6

Investments in NonConsolidate67

Investments in NonConsolidated Affiliates - Aggregated Financial Information of Non-Consolidated Affiliates (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Investments in and Advances to Affiliates [Line Items]
Sales	$ 228	$ 193	$ 728	$ 625
Gross profit	51	36	177	125
Income from continuing operations	34	25	130	100
Net income	32	23	117	91
Turkey JVs [Member]
Investments in and Advances to Affiliates [Line Items]
Sales	77	80	264	248
Gross profit	17	17	67	56
Income from continuing operations	12	13	55	50
Net income	11	11	45	41
Anqing [Member]
Investments in and Advances to Affiliates [Line Items]
Sales	37	31	117	123
Gross profit	12	8	36	38
Income from continuing operations	9	7	30	34
Net income	9	8	30	35
All Other [Member]
Investments in and Advances to Affiliates [Line Items]
Sales	114	82	347	254
Gross profit	22	11	74	31
Income from continuing operations	13	5	45	16
Net income	$ 12	$ 4	$ 42	$ 15

Debt - Components of Long-Term

Debt - Components of Long-Term Debt (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term Line of Credit	$ 390	$ 340
Debt discount	(7)	(8)
Unamortized debt issuance fees	(8)	(10)
Other debt, primarily foreign instruments	188	163
Total other long-term debts	3,111	3,052
Short-term debt, including current maturities of long-term debt	(174)	(138)
Total long-term debt	2,937	2,914
Tranche B Term Loan [Member]
Debt Instrument [Line Items]
Debt Facilities	686	691
Tranche C Term Loan [Member]
Debt Instrument [Line Items]
Debt Facilities	$ 1,862	$ 1,876

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Millions	Sep. 30, 2016USD ($)
Line of Credit Facility [Line Items]
Letters of credit, borrowing base	$ 37
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Borrowing base	173
Foreign Credit Facilities [Member]
Line of Credit Facility [Line Items]
Borrowing base	$ 37

Debt - Amortization of Fair Val

Debt - Amortization of Fair Value Adjustment (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Debt Disclosure [Abstract]
Amortization of debt issuance fees	$ 1	$ 1	$ 2	$ 2
Amortization of original issue discount	1	0	1	1
Total interest expense	$ 2	$ 1	$ 3	$ 3

Pensions and Other Postemploy71

Pensions and Other Postemployment Benefits - Net Periodic Benefit Cost (Credit) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Pension Benefits [Member] | United States Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1	$ 0	$ 2	$ 2
Interest cost	12	12	36	36
Expected return on plan assets	(12)	(15)	(36)	(44)
Amortization of actuarial losses	3	3	9	8
Amortization of prior service credits	0	0	0	0
Net periodic benefit cost	4	0	11	2
Pension Benefits [Member] | Non-U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	3	4	10	12
Interest cost	3	4	9	8
Expected return on plan assets	0	0	0	(1)
Amortization of actuarial losses	2	2	4	8
Amortization of prior service credits	0	0	0	0
Net periodic benefit cost	8	10	23	27
Other Postretirement Benefit Plan, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	0	0
Interest cost	3	3	9	10
Expected return on plan assets	0	0	0	0
Amortization of actuarial losses	1	2	2	4
Amortization of prior service credits	(1)	(1)	(3)	(3)
Net periodic benefit cost	$ 3	$ 4	$ 8	$ 11

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income tax expense	$ (10)	$ (9)	$ (33)	$ (32)
Income (loss) from continuing operations before income taxes	$ 26	$ (53)	$ 118	$ (23)

Commitments and Contingencies -

Commitments and Contingencies - Total Environmental Liabilities (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Other current liabilities	$ 4	$ 4
Other accrued liabilities (noncurrent)	8	10
Total	$ 12	$ 14

Commitments and Contingencies74

Commitments and Contingencies - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
Environmental liabilities estimated remediation costs	$ 44
Majority Shareholder Ownership Percentage Minimum	80.00%
Underfunded Pension Obligation If Pension Plans Voluntarily Terminated By Affiliate	$ 104

Commitments and Contingencies75

Commitments and Contingencies - Liabilities for Asset Retirement Obligation (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Other current liabilities	$ 2	$ 2
Other accrued liabilities (noncurrent)	14	14
Total Liabilities	$ 16	$ 16	$ 19	$ 20	$ 19	$ 24

Commitments and Contingencies76

Commitments and Contingencies - ARO Rollforward (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
ARO, beginning of period	$ 20	$ 19	$ 24
Liabilities settled/adjustments	(1)	1	(3)
Foreign Currency			(2)
ARO, end of period	$ 19	$ 20	$ 19

Changes in Accumulated Other 77

Changes in Accumulated Other Comprehensive Loss by Component (Net of Tax) - Changes in AOCI By Components (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Beginning balance			$ (1,318)
Ending balance	$ (1,319)		(1,319)
Other comprehensive income (loss) attributable to noncontrolling interests, net of tax	1	$ (4)	5	$ (6)
Foreign Currency Translation Adjustments [Member]
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Beginning balance	(733)	(577)	(714)	(482)
Other comprehensive income (loss) before reclassifications	4	(88)	(14)	(183)
Reclassification from other comprehensive income (loss)	0	0	(1)	0
Other comprehensive income (loss), net of tax	4	(88)	(15)	(183)
Ending balance	(729)	(665)	(729)	(665)
Post- employment Benefits [Member]
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Beginning balance	(580)	(621)	(587)	(643)
Other comprehensive income (loss) before reclassifications	0	0	0	11
Reclassification from other comprehensive income (loss)	5	6	12	17
Income tax	0	2	0	2
Other comprehensive income (loss), net of tax	5	8	12	30
Ending balance	(575)	(613)	(575)	(613)
Gains and Losses on Cash Flow Hedges [Member]
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Beginning balance	(16)	(18)	(17)	(17)
Other comprehensive income (loss) before reclassifications	1	(1)	0	(3)
Reclassification from other comprehensive income (loss)	0	1	2	2
Other comprehensive income (loss), net of tax	1	0	2	(1)
Ending balance	$ (15)	$ (18)	$ (15)	$ (18)

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) shares in Thousands, $ in Millions	1 Months Ended			3 Months Ended		9 Months Ended
	Feb. 29, 2012	Feb. 28, 2011	Feb. 28, 2010	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation income				$ 0	$ 0	$ 0	$ (1)
Stock Appreciation Rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, SARs	809	1,043	437
Percentage of SARs vested immediately upon grant	25.00%	25.00%
Percentage of SAR's vesting annually	25.00%	25.00%	33.30%
SAR award vesting period	3 years	3 years	3 years
Expected life of awards				5 years
Total outstanding awards				212		212		603
Share based compensation income							$ 1

Income (Loss) Per Common Shar79

Income (Loss) Per Common Share - Basic and Diluted Income (Loss) Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Net income (loss) from continuing operations	$ 15	$ (63)	$ 81	$ (59)
Gain from discontinued operations, net of income tax	0	0	0	7
Net income (loss) attributable to Federal-Mogul	$ 15	$ (63)	$ 81	$ (52)
Weighted average shares outstanding, basic and diluted	169	169	169	163.2
Earnings Per Share, Basic and Diluted [Abstract]
Net income (loss) from continuing operations (in dollars per share)	$ 0.09	$ (0.37)	$ 0.48	$ (0.36)
Gain from discontinued operations, net of income tax (in dollars per share)	0	0	0	0.04
Earnings per share, basic and diluted (in dollars per share)	$ 0.09	$ (0.37)	$ 0.48	$ (0.32)

Operations by Reporting Segme80

Operations by Reporting Segment - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2016segment
Segment Reporting [Abstract]
Number of reportable segments	2

Operations by Reporting Segme81

Operations by Reporting Segment - Summary of Net Sales, Cost of Products Sold and Gross Margin Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Reporting Information [Line Items]
Net sales	$ 1,825	$ 1,824	$ 5,646	$ 5,621
Cost of products sold	(1,550)	(1,561)	(4,779)	(4,817)
Gross profit	275	263	867	804
Inter-segment eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	(61)	(72)	(189)	(224)
Cost of products sold	61	72	189	224
Gross profit	0	0	0	0
Powertrain [Member]
Segment Reporting Information [Line Items]
Net sales	1,089	1,079	3,389	3,384
Cost of products sold	(963)	(955)	(2,976)	(2,978)
Gross profit	126	124	413	406
Motorparts [Member]
Segment Reporting Information [Line Items]
Net sales	797	817	2,446	2,461
Cost of products sold	(648)	(678)	(1,992)	(2,063)
Gross profit	149	139	454	398
Intersegment eliminations attributable to sales from Powertrain to Motorparts [Member] | Inter-segment eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	54	64	163	197
Intersegment eliminations attributable to sales from Motorparts to Powertrain [Member] | Inter-segment eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	$ 7	$ 8	$ 26	$ 27

Operations by Reporting Segme82

Operations by Reporting Segment - Summary of Net Income (Loss) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operational EBITDA	$ 173	$ 156	$ 562	$ 480
Restructuring charges and asset impairments	(8)	(24)	(32)	(67)
Goodwill and intangible impairment expense, net	0	(56)	(6)	(50)
Loss on sale of equity method investment	0	0	0	(11)	$ (11)
Financing charges	(2)	(3)	(9)	(7)
Gain from discontinued operations, net of income tax	0	0	0	7
Transaction related costs	(2)	(1)	(4)	(7)
Legal separation costs	0	1	0	3
Other reconciling items to EBITDA	(3)	0	(8)	(1)
Total Operational EBITDA	158	71	503	341
Depreciation and amortization	(95)	(88)	(275)	(254)
Interest expense, net	(37)	(36)	(110)	(103)
Income tax expense	(10)	(9)	(33)	(32)
Net income (loss)	16	(62)	85	(48)
Restructuring charges related to severance and other charges, net	7	18	28	58
Asset impairments, including impairments related to restructuring activities	(1)	(6)	(4)	(9)
Restructuring charges and asset impairments	(8)	(24)	(32)	(67)
Non-service cost components associated with U.S. based funded pension plans	(3)	1	(9)	1
Share based compensation income	0	0	0	1
Other	0	(1)	1	(3)
Other reconciling items to EBITDA	(3)	0	(8)	(1)
Powertrain [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operational EBITDA	104	97	358	323
Restructuring charges and asset impairments	(6)	(22)	(20)	(32)
Restructuring charges related to severance and other charges, net	6	17	20	25
Asset impairments, including impairments related to restructuring activities	0	(5)
Restructuring charges and asset impairments	(6)	(22)	(20)	(32)
Motorparts [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operational EBITDA	69	59	204	157
Restructuring charges and asset impairments	(2)	(2)	(12)	(35)
Restructuring charges related to severance and other charges, net	1	1	8	33
Asset impairments, including impairments related to restructuring activities	(1)	(1)
Restructuring charges and asset impairments	$ (2)	$ (2)	$ (12)	$ (35)

Operations by Reporting Segme83

Operations by Reporting Segment - Summary of Total Assets (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Total Assets	$ 7,317	$ 7,228
Total Reporting Segments [Member]
Segment Reporting Information [Line Items]
Total Assets	7,145	7,138
Corporate [Member]
Segment Reporting Information [Line Items]
Total Assets	172	90
Powertrain [Member] | Total Reporting Segments [Member]
Segment Reporting Information [Line Items]
Total Assets	4,132	3,997
Motorparts [Member] | Total Reporting Segments [Member]
Segment Reporting Information [Line Items]
Total Assets	$ 3,013	$ 3,141

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	3 Months Ended	4 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Related Party Transaction [Line Items]
Payments to Noncontrolling Interests			$ 0.5
Related Party Costs			0.5	$ 0.5
Auto Plus [Member]
Related Party Transaction [Line Items]
Sales from related parties	$ 13	$ 17	41
Accounts receivable from related parties	10	$ 19	10	$ 19
Pep Boys [Member]
Related Party Transaction [Line Items]
Sales from related parties	18		20
Accounts receivable from related parties	$ 19		$ 19