XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net sales $ 2,204 $ 1,994 $ 6,672 $ 4,998
Costs and expenses        
Cost of sales 1,998 1,780 5,963 4,588
Selling, general and administrative expenses 103 111 348 299
Amortization of intangibles 4 4 11 10
Restructuring charges, net 1 2 2 21
Impairment of goodwill       (51)
Other income (expense), net (4) (8) (33) (5)
Earnings before interest and income taxes 94 89 315 24
Loss on extinguishment of debt (24) (5)
Interest income 2 3 6 7
Interest expense 31 38 99 99
Earnings (loss) before income taxes 65 54 198 (73)
Income tax expense 20 16 56 34
Equity in earnings of affiliates 5 7 29 17
Net income (loss) 50 45 171 (90)
Less: Noncontrolling interests net income 4 4 9 6
Less: Redeemable noncontrolling interests net loss (2) (4) (10) (25)
Net income (loss) attributable to the parent company $ 48 $ 45 $ 172 $ (71)
Net income (loss) per share available to common stockholders        
Basic (in dollars per share) $ 0.33 $ 0.31 $ 1.19 $ (0.49)
Diluted (in dollars per share) $ 0.33 $ 0.31 $ 1.17 $ (0.49)
Weighted-average common shares outstanding        
Basic (in shares) 144.8 144.5 145.0 144.4
Diluted (in shares) 146.2 145.2 146.4 144.4