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Consolidated Statement Of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net sales $ 1,831 $ 1,384 $ 5,372 $ 4,379
Costs and expenses        
Cost of sales 1,562 1,176 4,564 3,739
Selling, general and administrative expenses 125 99 379 303
Amortization of intangibles 4 2 9 6
Restructuring charges, net 2 17 14 23
Other income (expense), net 1 6 (8) 9
Earnings before interest and income taxes 139 96 398 317
Loss on extinguishment of debt (13) (19) (17)
Interest income 3 3 8 8
Interest expense 25 27 79 84
Earnings before income taxes 104 72 308 224
Income tax expense 33 13 94 66
Equity in earnings of affiliates 2 2 12 6
Net income 73 61 226 164
Less: Noncontrolling interests net income 3 4 13 9
Less: Redeemable noncontrolling interests net income (loss) 1 (2)
Net income attributable to the parent company $ 69 $ 57 $ 215 $ 155
Net income per share available to common stockholders        
Basic $ 0.47 $ 0.40 $ 1.46 $ 1.06
Diluted $ 0.46 $ 0.39 $ 1.45 $ 1.05
Weighted-average common shares outstanding - Basic 145.0 144.0 144.8 146.7
Weighted-average common shares outstanding - Diluted 146.9 144.6 146.5 147.1
Cash dividends declared per share $ 0.06 $ 0.06 $ 0.18 $ 0.18