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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net sales (Note 3) $ 2,506 $ 1,728
Costs of sales 1,430 1,382
Gross margin 1,076 346
Selling expenses 20 22
General and administrative expenses 90 74
Other operating costs, net (Note 15) 10 10
Operating income 956 240
Non-operating pension and other post-employment benefit costs (Note 7) (8) (9)
Interest income and other 1 1
Interest expense, net of capitalized interest (79) (85)
Earnings before income taxes 870 147
Income taxes (Note 16) (189) 3
Net earnings $ 681 $ 150
Earnings per share, basic and diluted (Note 4) $ 0.91 $ 0.20
Weighted average shares outstanding (in thousands) (Note 4):    
Basic 748,718 746,534
Diluted 750,024 747,155