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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net sales $ 4,140 $ 5,137 $ 4,890
Cost of sales 3,540 4,576 4,282
Gross profit 600 561 608
Selling, general and administrative expense 306 399 304
Asset and goodwill impairment 6 5 181
Business realignment costs 16 47 21
Other operating expense (income), net 12 (8) 1
Operating income 260 118 101
Interest expense, net 326 308 303
Gain (loss) on extinguishment of debt 41 0 (6)
Other non-operating (income) expense, net (3) 32 2
(Loss) income from continuing operations before income tax and earnings from unconsolidated entities (22) (222) (210)
Income Tax Expense (Benefit) 34 22 379
Income from continuing operations before earnings from unconsolidated entities (56) (244) (589)
Earnings from unconsolidated entities, net of taxes 17 20 17
Net income from continuing operations   (224) (572)
Net income (40) (223) (571)
Net Income (Loss) Attributable to Noncontrolling Interest 1 (1) (1)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ (39) $ (224) $ (572)