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Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net sales $ 2,263 $ 1,926
Costs and expenses    
Cost of sales 2,012 1,720
Selling, general and administrative expenses 119 106
Amortization of intangibles 4 3
Restructuring charges, net 1 3
Impairment of goodwill (51)
Other income (expense), net (19) 4
Earnings before interest and income taxes 108 47
Interest income 2 2
Interest expense 34 29
Earnings before income taxes 76 20
Income tax expense (benefit) 22 (16)
Equity in earnings of affiliates 14 2
Net income 68 38
Less: Noncontrolling interests net income 1 2
Less: Redeemable noncontrolling interests net loss (4) (22)
Net income attributable to the parent company $ 71 $ 58
Net income per share available to common stockholders    
Basic (in dollars per share) $ 0.49 $ 0.40
Diluted (in dollars per share) $ 0.48 $ 0.40
Weighted-average common shares outstanding    
Basic (in shares) 144.9 144.2
Diluted (in shares) 146.4 144.8