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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net Sales $ 4,734 $ 4,682 $ 9,353 $ 9,702
Costs and Expenses        
Cost of products sold 3,360 3,360 6,784 7,002
Selling and administrative expenses 453 336 811 717
Depreciation and amortization 261 244 539 485
Distribution expenses 379 376 770 798
Taxes other than payroll and income taxes 35 40 76 76
Restructuring and other charges, net 0 0 3 0
Net (gains) losses on sales of fixed assets (5) 0 0 0
Interest expense, net 55 59 101 121
Non-operating pension expense (income) (10) 12 (22) 27
Earnings (loss) from continuing operations before income taxes and equity earnings 206 255 291 476
Income tax provision (benefit) (293) 33 (266) 81
Equity earnings (loss), net of taxes (1) 0 (3) (1)
Earnings (Loss) From Continuing Operations 498 222 554 394
Discontinued operations, net of taxes 0 13 0 13
Net Earnings (Loss) $ 498 $ 235 $ 554 $ 407
Basic Earnings (Loss) Per Share        
Basic earnings (loss) per share from continuing operations $ 1.43 $ 0.64 $ 1.59 $ 1.13
Discontinued operations, net of taxes 0 0.04 0 0.04
Earnings Per Share, Basic, Total 1.43 0.68 1.59 1.17
Diluted Earnings (Loss) Per Share        
Diluted earnings (loss) per share from continuing operations 1.41 0.64 1.57 1.12
Discontinued operations, net of taxes 0 0.04 0 0.04
Earnings Per Share, Diluted, Total $ 1.41 $ 0.68 $ 1.57 $ 1.16
Average Shares of Common Stock Outstanding – assuming dilution 352.8 346.5 352.7 349.5