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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net sales $ 10,156 $ 8,945 $ 7,106
Costs and expenses      
Cost of sales 9,393 8,108 6,485
Selling, general and administrative expenses 495 460 421
Amortization of intangibles 14 14 13
Restructuring charges, net (1) 34
Impairment of goodwill (191) (51)
Other income (expense), net 22 32 22
Earnings before interest and income taxes 86 395 124
Loss on extinguishment of debt (29) (8)
Interest income 11 9 9
Interest expense 128 131 138
Earnings (loss) before income taxes (31) 244 (13)
Income tax expense 284 72 58
Equity in earnings of affiliates 4 28 20
Net income (loss) (311) 200 (51)
Less: Noncontrolling interests net income 15 14 10
Less: Redeemable noncontrolling interests net loss (84) (11) (30)
Net income (loss) attributable to the parent company $ (242) $ 197 $ (31)
Net income (loss) per share available to common stockholders      
Basic (in dollars per share) $ (1.69) $ 1.36 $ (0.21)
Diluted (in dollars per share) $ (1.69) $ 1.35 $ (0.21)
Weighted-average common shares outstanding      
Basic (in shares) 143.6 144.8 144.5
Diluted (in shares) 143.6 146.2 144.5