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Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net sales $ 2,644 $ 2,480
Costs and expenses    
Cost of sales 2,415 2,283
Selling, general and administrative expenses 140 130
Amortization of intangibles 3 4
Restructuring charges, net 1 (1)
Other income (expense), net 5 2
Earnings before interest and income taxes 90 66
Interest income 4 2
Interest expense 34 31
Earnings before income taxes 60 37
Income tax expense 30 18
Equity in earnings of affiliates 1 1
Net income 31 20
Less: Noncontrolling interests net income 4 4
Less: Redeemable noncontrolling interests net loss (1) (1)
Net income attributable to the parent company $ 28 $ 17
Net income per share available to common stockholders    
Basic (in dollars per share) $ 0.19 $ 0.12
Diluted (in dollars per share) $ 0.19 $ 0.12
Weighted-average common shares outstanding    
Basic (in shares) 143.9 144.2
Diluted (in shares) 144.3 145.3