XML 59 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (Unaudited) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Income Statement [Abstract]    
Net sales $ 909us-gaap_SalesRevenueGoodsNet $ 850us-gaap_SalesRevenueGoodsNet [1]
Cost of products sold 756us-gaap_CostOfGoodsSold 707us-gaap_CostOfGoodsSold
Gross profit 153us-gaap_GrossProfit 143us-gaap_GrossProfit
Selling and administrative expenses 77us-gaap_SellingGeneralAndAdministrativeExpense 77us-gaap_SellingGeneralAndAdministrativeExpense
Operating profit 76us-gaap_OperatingIncomeLoss 66us-gaap_OperatingIncomeLoss [1]
Income from equity method investments 8us-gaap_IncomeLossFromEquityMethodInvestments 3us-gaap_IncomeLossFromEquityMethodInvestments
Interest expense (43)us-gaap_InterestExpense (47)us-gaap_InterestExpense
Interest income 1us-gaap_InvestmentIncomeInterest 1us-gaap_InvestmentIncomeInterest
Loss on extinguishment of debt (19)us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Gain on deconsolidation of subsidiaries and consolidated joint ventures 0us-gaap_DeconsolidationGainOrLossAmount 27us-gaap_DeconsolidationGainOrLossAmount
Other expense, net (1)us-gaap_OtherNonoperatingIncomeExpense 0us-gaap_OtherNonoperatingIncomeExpense
Income before income taxes 22us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 50us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax benefit (expense) 2us-gaap_IncomeTaxExpenseBenefit (5)us-gaap_IncomeTaxExpenseBenefit
Net income $ 24us-gaap_ProfitLoss $ 45us-gaap_ProfitLoss
Earnings (loss) per common share - basic:    
Earnings per average common share $ 0.16us-gaap_EarningsPerShareBasic $ 0.33us-gaap_EarningsPerShareBasic
Earnings (loss) per common share - diluted:    
Earnings per average diluted common share $ 0.16us-gaap_EarningsPerShareDiluted $ 0.32us-gaap_EarningsPerShareDiluted
Average common shares 145,381,269us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 137,765,694us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Average diluted common shares 147,176,197us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 146,920,819us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] Net sales and operating profit (loss) have been recast for the three months ended March 31, 2014 to conform with the new presentation of reportable segments.