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Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net sales $ 2,535 $ 2,204 $ 7,601 $ 6,672
Costs and expenses        
Cost of sales 2,332 1,998 7,018 5,963
Selling, general and administrative expenses 114 103 374 348
Amortization of intangibles 3 4 10 11
Restructuring charges, net (1) 1 (1) 2
Impairment of goodwill (191)   (191)  
Other income (expense), net 3 (4) 15 (33)
Earnings (loss) before interest and income taxes (101) 94 24 315
Loss on extinguishment of debt       (24)
Interest income 2 2 6 6
Interest expense 32 31 95 99
Earnings (loss) before income taxes (131) 65 (65) 198
Income tax expense 31 20 67 56
Equity in earnings (loss) of affiliates (1) 5 (1) 29
Net income (loss) (163) 50 (133) 171
Less: Noncontrolling interests net income 4 4 11 9
Less: Redeemable noncontrolling interests net loss (79) (2) (81) (10)
Net income (loss) attributable to the parent company $ (88) $ 48 $ (63) $ 172
Net income (loss) per share available to common stockholders        
Basic (in dollars per share) $ (0.61) $ 0.33 $ (0.44) $ 1.19
Diluted (in dollars per share) $ (0.61) $ 0.33 $ (0.44) $ 1.17
Weighted-average common shares outstanding        
Basic (in shares) 143.4 144.8 143.6 145.0
Diluted (in shares) 143.4 146.2 143.6 146.4