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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales $ 10,555 $ 10,156 $ 8,945
Costs and expenses      
Cost of sales 9,655 9,393 8,108
Selling, general and administrative expenses 549 495 460
Amortization of intangibles 13 14 14
Restructuring charges, net 25 (1)
Impairment of goodwill   (191)  
Other income (expense), net 3 22 32
Earnings before interest and income taxes 316 86 395
Loss on extinguishment of debt (1)   (29)
Interest income 17 11 9
Interest expense 154 128 131
Earnings (loss) before income taxes 178 (31) 244
Income tax expense 121 284 72
Equity in earnings (loss) of affiliates (9) 4 28
Net income (loss) 48 (311) 200
Less: Noncontrolling interests net income 22 15 14
Less: Redeemable noncontrolling interests net loss (12) (84) (11)
Net income (loss) attributable to the parent company $ 38 $ (242) $ 197
Net income (loss) per share available to common stockholders      
Basic (in dollars per share) $ 0.26 $ (1.69) $ 1.36
Diluted (in dollars per share) $ 0.26 $ (1.69) $ 1.35
Weighted-average common shares outstanding      
Basic (in shares) 144.4 143.6 144.8
Diluted (in shares) 144.6 143.6 146.2