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Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net sales $ 1,994 $ 2,164 $ 4,998 $ 6,633
Costs and expenses        
Cost of sales 1,780 1,882 4,588 5,725
Selling, general and administrative expenses 111 128 299 404
Amortization of intangibles 4 2 10 8
Restructuring charges, net 2 5 21 23
Impairment of goodwill (51)
Pension settlement charge (2) (260)
Other income (expense), net (8) (8) (5) (31)
Earnings before interest and income taxes 89 137 24 182
Write-off deferred financing costs (5)
Interest income 3 3 7 8
Interest expense 38 31 99 92
Earnings (loss) before income taxes 54 109 (73) 98
Income tax expense (benefit) 16 5 34 (27)
Equity in earnings of affiliates 7 8 17 22
Net income (loss) 45 112 (90) 147
Less: Noncontrolling interests net income 4 3 6 9
Less: Redeemable noncontrolling interests net loss (4) (2) (25) (3)
Net income (loss) attributable to the parent company $ 45 $ 111 $ (71) $ 141
Net income (loss) per share available to common stockholders        
Basic (in dollars per share) $ 0.31 $ 0.77 $ (0.49) $ 0.98
Diluted (in dollars per share) $ 0.31 $ 0.77 $ (0.49) $ 0.97
Weighted-average common shares outstanding        
Basic (in shares) 144.5 144.0 144.4 144.0
Diluted (in shares) 145.2 144.8 144.4 144.8