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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net sales $ 7,106 $ 8,620 $ 8,143
Costs and expenses      
Cost of sales 6,485 7,489 6,986
Selling, general and administrative expenses 421 508 499
Amortization of intangibles 13 12 8
Restructuring charges, net 34 29 25
Impairment of goodwill and indefinite-lived intangible asset (51) (6) (20)
Gain on disposal group held for sale 3
Pension settlement charges (259)
Other income (expense), net 22 (25) (29)
Earnings before interest and income taxes 124 292 579
Loss on extinguishment of debt (8) (9)
Interest income 9 10 11
Interest expense 138 122 96
Earnings (loss) before income taxes (13) 171 494
Income tax expense (benefit) 58 (32) 78
Equity in earnings of affiliates 20 30 24
Net income (loss) (51) 233 440
Less: Noncontrolling interests net income 10 13 13
Less: Redeemable noncontrolling interests net loss (30) (6)
Net income (loss) attributable to the parent company $ (31) $ 226 $ 427
Net income (loss) per share available to common stockholders      
Basic (in dollars per share) $ (0.21) $ 1.57 $ 2.94
Diluted (in dollars per share) $ (0.21) $ 1.56 $ 2.91
Weighted-average common shares outstanding      
Basic (in shares) 144.5 144.0 145.0
Diluted (in shares) 144.5 145.1 146.5