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Consolidated Statements of Operations (Unaudited) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Net sales $ 948 $ 916 $ 1,798 $ 1,730
Cost of products sold 773 765 1,480 1,455
Gross profit 175 151 318 275
Selling and administrative expenses 77 76 154 149
Restructuring charges 0 1 0 3
Operating profit 98 74 164 123
Income from equity method investments (5) (1) (8) (1)
Interest expense 45 50 92 100
Interest income 0 (1) (1) (2)
Gain on deconsolidation of subsidiaries and consolidated joint ventures 0 0 (27) 0
Other income, net 0 (1) 0 0
Income from continuing operations before income taxes 58 27 108 26
Income tax expense (benefit) 0 2 5 (1)
Income from continuing operations 58 25 103 27
Loss from discontinued operations, net of tax (1) 0 (1) 0
Net income $ 57 $ 25 $ 102 $ 27
Income from continuing operations, per basic share $ 0.40 $ 0.23 $ 0.74 $ 0.25
Loss from discontinued operations, per basic share $ (0.01) $ 0.00 $ (0.01) $ 0.00
Income per basic share $ 0.39 $ 0.23 $ 0.73 $ 0.25
Income from continuing operations, per diluted share $ 0.39 $ 0.22 $ 0.72 $ 0.24
Income from discontinued operations, per diluted share $ (0.01) $ 0.00 $ (0.01) $ 0.00
Income per diluted share $ 0.38 $ 0.22 $ 0.71 $ 0.24
Average common shares 144,500,682 108,544,752 139,702,728 108,449,431
Average diluted common shares 147,024,196 111,047,951 146,920,294 111,245,400