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Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net sales $ 2,748 $ 2,586 $ 5,392 $ 5,066
Costs and expenses        
Cost of sales 2,477 2,403 4,892 4,686
Selling, general and administrative expenses 144 130 284 260
Amortization of intangibles 4 3 7 7
Restructuring charges, net 3 1 4  
Other income (expense), net 4 10 9 12
Earnings before interest and income taxes 124 59 214 125
Loss on extinguishment of debt (1)   (1)  
Interest income 5 2 9 4
Interest expense 39 32 73 63
Earnings before income taxes 89 29 149 66
Income tax expense 55 18 85 36
Equity in earnings (loss) of affiliates 2 (1) 3 0
Net income 36 10 67 30
Less: Noncontrolling interests net income 5 3 9 7
Less: Redeemable noncontrolling interests net income (loss) 1 (1)   (2)
Net income attributable to the parent company $ 30 $ 8 $ 58 $ 25
Net income per share available to common stockholders        
Basic (in dollars per share) $ 0.21 $ 0.06 $ 0.40 $ 0.17
Diluted (in dollars per share) $ 0.21 $ 0.06 $ 0.40 $ 0.17
Weighted-average common shares outstanding        
Basic (in shares) 144.3 143.4 144.1 143.8
Diluted (in shares) 144.4 143.7 144.3 144.6