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Consolidated Statement of Operations (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales $ 1,933 $ 1,526 $ 3,733 $ 3,034
Costs and expenses        
Cost of sales 1,700 1,357 3,285 2,725
Selling, general and administrative expenses 107 91 206 193
Amortization of intangibles 21 16 38 31
Restructuring charges, net 11 31 41 50
Other income (expense), net 20 12 (28) (1)
Income before interest and income taxes 114 43 135 34
Interest expense 20 20 39 46
Income (loss) before income taxes 94 23 96 (12)
Income tax expense (31) (17) (62) (14)
Equity in earnings of affiliates 7 4 11 6
Net income (loss) 70 10 45 (20)
Less: Noncontrolling interests net income 2 1 7 2
Net income (loss) attributable to the parent company 68 9 38 (22)
Preferred stock dividend requirements 7 8 15 16
Net income (loss) available to common stockholders $ 61 $ 1 $ 23 $ (38)
Net income (loss) per share available to parent company common stockholders:        
Basic $ 0.41   $ 0.16 $ (0.28)
Diluted $ 0.32   $ 0.15 $ (0.28)
Weighted-average common shares outstanding        
Basic 147 140 146 140
Diluted 215 146 150 140