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Consolidated Statement Of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net sales $ 6,060 $ 6,617 $ 6,769
Costs and expenses      
Cost of sales 5,211 5,672 5,849
Selling, general and administrative expenses 391 411 410
Amortization of intangibles 14 42 74
Restructuring charges, net 15 $ 21 $ 24
Impairment of long-lived assets $ (36)
Loss on disposal group held for sale $ (80)
Pension settlement charges (42)
Loss on extinguishment of debt $ (2) (19)
Other income, net 14 48 $ 55
Income from continuing operations before interest expense and income taxes 405 378 467
Interest expense 113 118 99
Income from continuing operations before income taxes 292 260 368
Income tax expense (benefit) 82 (70) 119
Equity in earnings (losses) of affiliates (34) 13 12
Income from continuing operations 176 343 261
Income (loss) from discontinued operations 4 (15) (1)
Net income 180 328 260
Less: Noncontrolling interests net income 21 9 16
Net income attributable to the parent company $ 159 319 244
Preferred stock dividend requirements $ 7 25
Preferred stock redemption premium 232
Net income (loss) available to common stockholders $ 159 $ 312 $ (13)
Basic:      
Income (loss) from continuing operations $ 0.98 $ 2.07 $ (0.08)
Income (loss) from discontinued operations 0.02 (0.10) (0.01)
Net income (loss) 1.00 1.97 (0.09)
Diluted:      
Income (loss) from continuing operations 0.97 1.93 (0.08)
Income (loss) from discontinued operations 0.02 (0.09) (0.01)
Net income (loss) $ 0.99 $ 1.84 $ (0.09)
Weighted-average common shares outstanding      
Basic 159.0 158.0 146.4
Diluted 160.0 173.5 146.4
Dividends declared per common share $ 0.23 $ 0.20 $ 0.20