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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales (Note 3) $ 1,671 $ 1,910 $ 5,006 $ 5,840
Costs of sales 1,399 1,452 4,111 4,247
Gross margin 272 458 895 1,593
Selling expenses 20 20 62 66
General and administrative expenses 85 78 254 236
Research and development expenses 1 2 4 6
Product remediation recoveries, net (Note 15) (68) 0 (68) 0
Other operating costs, net (Note 17) 32 21 81 68
Operating income 202 337 562 1,217
Non-operating pension and other postretirement benefit costs (15) (17) (495) (54)
Interest income and other 6 13 22 36
Interest expense, net of capitalized interest (91) (93) (289) (278)
Earnings (loss) before income taxes 102 240 (200) 921
Income taxes (Note 18) (3) 15 138 (80)
Net earnings (loss) $ 99 $ 255 $ (62) $ 841
Earnings (loss) per share, basic and diluted (Note 4) $ 0.13 $ 0.34 $ (0.08) $ 1.11
Weighted average shares outstanding (in thousands) (Note 4):        
Basic 745,626 754,986 745,901 756,531
Diluted 746,514 757,389 745,901 759,116