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Consolidated Statement Of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net sales $ 7,209 $ 5,826 $ 6,060
Costs and expenses      
Cost of sales 6,147 4,982 5,211
Selling, general and administrative expenses 511 406 391
Amortization of intangibles 11 8 14
Restructuring charges, net 14 36 15
Loss on disposal group held for sale (27)
Loss on sale of subsidiaries (80)
Impairment of long-lived assets (36)
Other income (expense), net (9) 18 1
Earnings before interest and income taxes 490 332 394
Loss on extinguishment of debt (19) (17) (2)
Interest income 11 13 13
Interest expense 102 113 113
Earnings from continuing operations before income taxes 380 215 292
Income tax expense (benefit) 283 (424) 82
Equity in earnings (losses) of affiliates 19 14 (34)
Income from continuing operations 116 653 176
Income from discontinued operations 4
Net income 116 653 180
Less: Noncontrolling interests net income 10 13 21
Less: Redeemable noncontrolling interests net loss (5)
Net income attributable to the parent company $ 111 $ 640 $ 159
Basic:      
Income from continuing operations $ 0.72 $ 4.38 $ 0.98
Income from discontinued operations 0.00 0.00 0.02
Net income 0.72 4.38 1.00
Diluted:      
Income from continuing operations 0.71 4.36 0.97
Income from discontinued operations 0.00 0.00 0.02
Net income $ 0.71 $ 4.36 $ 0.99
Weighted-average common shares outstanding      
Basic 145.1 146.0 159.0
Diluted 146.9 146.8 160.0
Dividends declared per common share $ 0.24 $ 0.24 $ 0.23