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Consolidated Statement Of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net sales $ 1,710 $ 1,800 $ 3,398 $ 3,476
Costs and expenses        
Cost of sales 1,462 1,541 2,916 3,003
Selling, general and administrative expenses 108 105 213 208
Amortization of intangibles 10 18 23 37
Restructuring charges, net 3 4 12 6
Other income, net 21 18 15 20
Income from continuing operations before interest expense and income taxes 148 150 249 242
Interest expense 29 21 59 42
Income from continuing operations before income taxes 119 129 190 200
Income tax expense 33 35 67 62
Equity in earnings of affiliates 6 3 7 7
Income from continuing operations 92 97 130 145
Income (loss) from discontinued operations (2) (1) (3) 1
Net income 90 96 127 146
Less: Noncontrolling interests net income 4 4 7 12
Net income attributable to the parent company 86 92 120 134
Preferred stock dividend requirements 2 7 5 15
Net income available to common stockholders $ 84 $ 85 $ 115 $ 119
Basic:        
Income from continuing operations $ 0.55 $ 0.59 $ 0.77 $ 0.80
Income (loss) from discontinued operations $ (0.01) $ (0.01) $ (0.02) $ 0.01
Net income $ 0.54 $ 0.58 $ 0.75 $ 0.81
Diluted:        
Income from continuing operations $ 0.50 $ 0.44 $ 0.70 $ 0.62
Income (loss) from discontinued operations $ (0.01)   $ (0.02) $ 0.01
Net income $ 0.49 $ 0.44 $ 0.68 $ 0.63
Weighted-average common shares outstanding        
Basic 156.7 145.9 153.7 146.9
Diluted 175.1 211.9 176.0 213.1
Dividends declared per common share $ 0.05 $ 0.05 $ 0.1 $ 0.1