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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales (Note 3) $ 2,345 $ 2,110 $ 7,995 $ 5,469
Costs of sales 1,589 1,390 4,602 4,055
Gross margin 756 720 3,393 1,414
Selling expenses 24 22 68 62
General and administrative expenses 98 96 283 254
Other operating costs (income), net (Note 15) (15) 92 8 105
Operating income 649 510 3,034 993
Non-operating pension and other post-employment benefit costs (Note 7) (5) (9) (14) (28)
Interest income and other 1 2 4 5
Interest expense, net of capitalized interest (79) (111) (236) (299)
Earnings before income taxes 566 392 2,788 671
Income taxes (Note 16) (84) (109) (597) (166)
Net earnings $ 482 $ 283 $ 2,191 $ 505
Earnings per share, basic and diluted (Note 4) $ 0.64 $ 0.38 $ 2.92 $ 0.68
Weighted average shares outstanding (in thousands) (Note 4):        
Basic 750,105 746,996 749,657 746,809
Diluted 751,443 748,450 750,999 747,530