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Quarterly Financial Data (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly financial information
 
Quarter
(millions, except share data)
First
 
Second
 
Third
 
Fourth
2014
 
 
 
 
 
 
 
Net sales
$
850

 
$
948

 
$
972

 
$
954

Gross profit
143

 
175

 
176

 
160

Operating profit (loss) (b)
66

 
98

 
22

 
(24
)
Income (loss) from continuing operations (b)
45

 
58

 
(11
)
 
(53
)
Loss from discontinued operations, net of tax

 
(1
)
 

 

Net income (loss) attributable to USG (b)
45

 
57

 
(12
)
 
(53
)
Income (loss) from continuing operations per common share:
 
 
 
 
 
 
 
Basic (a)
0.33

 
0.40

 
(0.09
)
 
(0.36
)
Diluted (a)
0.32

 
0.39

 
(0.09
)
 
(0.36
)
2013
 
 
 
 
 
 
 
Net sales
$
814

 
$
916

 
$
925

 
$
915

Gross profit
124

 
151

 
155

 
151

Operating profit (c)
49

 
74

 
75

 
60

Loss from continuing operations (c)
2

 
25

 
24

 
(3
)
Loss from discontinued operations, net of tax

 

 
(1
)
 
(1
)
Net income (loss) attributable to USG (c)
2

 
25

 
23

 
(3
)
Income (loss) from continuing operations per common share:
 
 
 
 
 
 
 
Basic (a)
0.02

 
0.23

 
0.23

 
(0.02
)
Diluted (a)
0.02

 
0.22

 
0.22

 
(0.02
)
(a)
The sum of the four quarters is not necessarily the same as the total for the year.
(b)
Operating profit (loss), income (loss) from continuing operations, and net income (loss) attributable to USG for the third quarter of 2014 included a litigation settlement charge of $48 million and long-lived asset impairment charges of $30 million and for the fourth quarter of 2014 included a long-lived asset impairment charge of $60 million, contract termination charge and loss of receivable of $15 million, and pension settlement charges of $13 million.
(c)
Gross profit, operating profit, income (loss) from continuing operations, and net income (loss) attributable to USG for the fourth quarter of 2013 included pension settlement charges of $16 million.