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Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net sales $ 2,669 $ 2,535 $ 8,061 $ 7,601
Costs and expenses        
Cost of sales 2,433 2,332 7,325 7,018
Selling, general and administrative expenses 126 114 410 374
Amortization of intangibles 3 3 10 10
Restructuring charges, net 17 (1) 21 (1)
Impairment of goodwill (191) (191)
Other income (expense), net 1 3 10 15
Earnings (loss) before interest and income taxes 91 (101) 305 24
Loss on extinguishment of debt   (1)  
Interest income 5 2 14 6
Interest expense 41 32 114 95
Earnings (loss) before income taxes 55 (131) 204 (65)
Income tax expense 33 31 118 67
Equity in earnings (loss) of affiliates 3 (1) 6 (1)
Net income (loss) 25 (163) 92 (133)
Less: Noncontrolling interests net income 8 4 17 11
Less: Redeemable noncontrolling interests net loss (2) (79) (2) (81)
Net income (loss) attributable to the parent company $ 19 $ (88) $ 77 $ (63)
Net income (loss) per share available to common stockholders        
Basic (in dollars per share) $ 0.13 $ (0.61) $ 0.53 $ (0.44)
Diluted (in dollars per share) $ 0.13 $ (0.61) $ 0.53 $ (0.44)
Weighted-average common shares outstanding        
Basic (in shares) 144.3 143.4 144.2 143.6
Diluted (in shares) 144.7 143.4 144.5 143.6