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CONDENSED CONSOLIDATED RESULTS OF OPERATIONS (USD $)
In Millions
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales $ 1,959 $ 1,670 $ 3,678 $ 3,216
Manufacturing, shipping, and delivery expense (1,604) (1,287) (2,990) (2,534)
Gross profit 355 383 688 682
Selling and administrative expense (146) (123) (288) (243)
Research, development, and engineering expense (18) (15) (34) (29)
Interest expense (100) (60) (176) (116)
Interest income 3 4 6 8
Equity earnings 19 13 33 26
Royalties and net technical assistance 3 4 8 8
Other income 2 2 4 3
Other expense (8) (14) (26) (22)
Earnings from continuing operations before income taxes 110 194 215 317
Provision for income taxes (32) (51) (60) (83)
Earnings from continuing operations 78 143 155 234
Earnings (loss) from discontinued operations 2 12 1 15
Net earnings 80 155 156 249
Net earnings attributable to noncontrolling interests (7) (14) (11) (23)
Net earnings attributable to the Company 73 141 145 226
Amounts attributable to the Company:        
Earnings from continuing operations 71 132 144 214
Earnings (loss) from discontinued operations 2 9 1 12
Net earnings 73 141 145 226
Amounts attributable to noncontrolling interests:        
Earnings from continuing operations 7 11 11 20
Earnings from discontinued operations   3   3
Net earnings 7 14 11 23
Comprehensive income, net of tax:        
Net earnings 80 155 156 249
Foreign currency translation adjustments 122 (156) 196 (192)
Pension and other postretirement benefit adjustments 26 25 46 57
Change in fair value of derivative instruments   5 1 (1)
Total comprehensive income 228 29 399 113
Comprehensive income attributable to noncontrolling interests (12) (12) (20) (21)
Comprehensive income attributable to the Company $ 216 $ 17 $ 379 $ 92