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Consolidated Statement Of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net sales $ 5,826 $ 6,060 $ 6,617
Costs and expenses      
Cost of sales 4,982 5,211 5,672
Selling, general and administrative expenses 406 391 411
Amortization of intangibles 8 14 42
Restructuring charges, net 36 15 21
Loss on sale of subsidiaries (80)
Impairment of long-lived assets (36)
Loss on disposal group held for sale (80)
Pension settlement charges (42)
Other income, net 18 1 33
Income before interest and income taxes 332 394 382
Loss on extinguishment of debt (17) (2) (19)
Interest income 13 13 15
Interest expense 113 113 118
Income from continuing operations before income taxes 215 292 260
Income tax expense (benefit) (424) 82 (70)
Equity in earnings (losses) of affiliates 14 (34) 13
Income from continuing operations 653 176 343
Income (loss) from discontinued operations 4 (15)
Net income 653 180 328
Less: Noncontrolling interests net income 13 21 9
Net income attributable to the parent company 640 159 319
Preferred stock dividend requirements 7
Net income available to common stockholders $ 640 $ 159 $ 312
Basic:      
Income from continuing operations $ 4.38 $ 0.98 $ 2.07
Income (loss) from discontinued operations 0.00 0.02 (0.10)
Net income 4.38 1.00 1.97
Diluted:      
Income from continuing operations 4.36 0.97 1.93
Income (loss) from discontinued operations 0.00 0.02 (0.09)
Net income $ 4.36 $ 0.99 $ 1.84
Weighted-average common shares outstanding      
Basic 146.0 159.0 158.0
Diluted 146.8 160.0 173.5
Dividends declared per common share $ 0.24 $ 0.23 $ 0.20