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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
Net sales $ 786 $ 767
Cost of products sold 647 608
Gross profit 139 159
Selling and administrative expenses 93 75
Operating profit 46 84
Income from equity method investments 9 13
Interest expense (14) (20)
Interest income 1 1
Other income, net 3 6
Income from continuing operations before income taxes 45 84
Income tax expense (9) (29)
Income from continuing operations 36 55
Income from discontinued operations, net of tax 1 0
Net income $ 37 $ 55
Basic earnings per average common share (in usd per share) $ 0.26 $ 0.38
Diluted earnings per average common share (in dollars per share) $ 0.25 $ 0.37
Average common shares (in shares) 141,105,228 146,309,994
Dilutive awards under long-term incentive plan (in shares) 2,703,126 2,420,360
Average diluted common shares (in shares) 143,808,354 148,730,354