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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Net sales $ 6,554 $ 7,476 $ 7,196
Costs of sales 5,412 5,592 5,298
Gross margin 1,142 1,884 1,898
Selling expenses 84 88 87
General and administrative expenses 348 318 310
Charges for integration and restructuring, closures and asset impairments (Note 18) 80 2 194
Charges (recoveries) for product remediation, net (Note 19) (68) 0 290
Other operating costs (income), net (Note 20) 47 82 (114)
Operating income 651 1,394 1,131
Non-operating pension and other postretirement benefit costs (Note 9) (516) (272) (62)
Interest income and other 30 60 40
Interest expense, net of capitalized interest (378) (375) (393)
Earnings (loss) before income taxes (213) 807 716
Income taxes (Note 21) 137 (59) (134)
Net earnings (loss) $ (76) $ 748 $ 582
Basic and diluted earnings (loss) per share (Note 5): $ (0.10) $ 0.99 $ 0.77
Weighted average shares outstanding (in thousands) (Note 5):      
Basic 745,897 754,556 753,085
Diluted 745,897 756,827 756,666