XML 47 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement Of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net sales $ 1,637 $ 1,669 $ 5,035 $ 5,145
Costs and expenses        
Cost of sales 1,397 1,434 4,313 4,437
Selling, general and administrative expenses 97 97 310 305
Amortization of intangibles 10 18 33 55
Restructuring charges, net 2 8 14 14
Other income, net 20 18 35 38
Income from continuing operations before interest expense and income taxes 151 130 400 372
Interest expense 30 27 89 69
Income from continuing operations before income taxes 121 103 311 303
Income tax expense 29 34 96 96
Equity in earnings of affiliates 2 3 9 10
Income from continuing operations 94 72 224 217
Loss from discontinued operations (1) (1) (4) 0
Net income 93 71 220 217
Less: Noncontrolling interests net income 3 3 10 15
Net income attributable to the parent company 90 68 210 202
Preferred stock dividend requirements 2 6 7 21
Preferred stock redemption premium   232   232
Net income (loss) available to common stockholders $ 88 $ (170) $ 203 $ (51)
Basic:        
Income (loss) from continuing operations $ 0.57 $ (1.15) $ 1.34 $ (0.35)
Loss from discontinued operations $ (0.01) $ (0.01) $ (0.03) $ 0.00
Net income (loss) $ 0.56 $ (1.16) $ 1.31 $ (0.35)
Diluted:        
Income (loss) from continuing operations $ 0.53 $ (1.15) $ 1.22 $ (0.35)
Loss from discontinued operations $ (0.01) $ (0.01) $ (0.02) $ 0.00
Net income (loss) $ 0.52 $ (1.16) $ 1.20 $ (0.35)
Weighted-average common shares outstanding        
Basic 156.5 145.8 154.6 146.6
Diluted 172.9 145.8 174.9 146.6
Dividends declared per common share $ 0.05 $ 0.05 $ 0.15 $ 0.15