XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statement Of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net sales $ 2,054 $ 1,840 $ 4,192 $ 3,541
Costs and expenses        
Cost of sales 1,746 1,563 3,577 3,000
Selling, general and administrative expenses 134 133 264 253
Amortization of intangibles 2 3 4 5
Restructuring charges, net 7 10 8 12
Impairment of indefinite-lived intangible asset (20) (20)
Adjustment in fair value of disposal group held for sale 3   3  
Other expense, net (10) (1) (10) (12)
Earnings before interest and income taxes 138 130 312 259
Loss on extinguishment of debt (6) (6)
Interest income 2 2 5 5
Interest expense 23 27 47 54
Earnings before income taxes 117 99 270 204
Income tax expense (benefit) (4) 31 44 61
Equity in earnings of affiliates 6 5 12 10
Net income 127 73 238 153
Less: Noncontrolling interests net income 3 5 5 10
Less: Redeemable noncontrolling interests net income (loss) (3) 1 (3)
Net income attributable to the parent company $ 124 $ 71 $ 232 $ 146
Net income per share available to common stockholders        
Basic $ 0.85 $ 0.48 $ 1.60 $ 1.00
Diluted $ 0.85 $ 0.47 $ 1.58 $ 0.99
Weighted-average common shares outstanding - Basic 145.1 144.8 145.3 144.7
Weighted-average common shares outstanding - Diluted 146.5 146.2 147.0 146.1
Cash dividends declared per share $ 0.10 $ 0.06 $ 0.20 $ 0.12