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Consolidated Statement Of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net sales $ 8,620 $ 8,143 $ 7,209
Costs and expenses      
Cost of sales 7,489 6,986 6,143
Selling, general and administrative expenses 508 499 508
Amortization of intangibles 12 8 11
Restructuring charges, net 29 25 14
Impairment of goodwill and indefinite-lived intangible asset (6) (20)
Gain (loss) on disposal group held for sale 3 (27)
Pension settlement charges (259)
Other expense, net (25) (29) (16)
Earnings before interest and income taxes 292 579 490
Loss on extinguishment of debt (9) (19)
Interest income 10 11 11
Interest expense 122 96 102
Earnings before income taxes 171 494 380
Income tax expense (benefit) (32) 78 283
Equity in earnings of affiliates 30 24 19
Net income 233 440 116
Less: Noncontrolling interests net income 13 13 10
Less: Redeemable noncontrolling interests net loss (6) (5)
Net income attributable to the parent company $ 226 $ 427 $ 111
Net income per share available to common stockholders      
Basic $ 1.57 $ 2.94 $ 0.72
Diluted $ 1.56 $ 2.91 $ 0.71
Weighted-average common shares outstanding - Basic 144.0 145.0 145.1
Weighted-average common shares outstanding - Diluted 145.1 146.5 146.9