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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales (Note 3) $ 2,110 $ 1,671 $ 5,469 $ 5,006
Costs of sales 1,390 1,399 4,055 4,111
Gross margin 720 272 1,414 895
Selling expenses 22 20 62 62
General and administrative expenses 96 85 254 254
Product remediation recoveries (Note 14) 0 (68) (8) (68)
Other operating costs, net (Note 16) 92 33 113 85
Operating income 510 202 993 562
Non-operating pension and other postretirement benefit costs (Note 7) (9) (15) (28) (495)
Interest income and other 2 6 5 22
Interest expense, net of capitalized interest (111) (91) (299) (289)
Earnings (loss) before income taxes 392 102 671 (200)
Income taxes (Note 17) (109) (3) (166) 138
Net earnings (loss) $ 283 $ 99 $ 505 $ (62)
Earnings (loss) per share, basic and diluted (Note 4) $ 0.38 $ 0.13 $ 0.68 $ (0.08)
Weighted average shares outstanding (in thousands) (Note 4):        
Basic 746,996 745,626 746,809 745,901
Diluted 748,450 746,514 747,530 745,901