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Condensed Consolidated Statements 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 $ 1,438 $ 1,156 $ 2,732 $ 2,203
Cost of sales 1,223 969 2,308 1,879
Gross profit 215 187 424 324
Selling, general and administrative expense 87 85 171 158
Push-down of income recovered by owner 0 (28) 0 (28)
Asset impairments 18 0 18 0
Other operating income, net (18) (2) (13) (3)
Operating income 128 132 248 197
Interest expense, net 65 72 129 135
Loss on extinguishment of debt     0 8
Other non-operating expense (income), net 0 3 (2) 3
Income from continuing operations before income tax and earnings from unconsolidated entities 63 57 121 51
Income tax expense 0 13 3 17
Income from continuing operations before earnings from unconsolidated entities 63 44 118 34
Earnings from unconsolidated entities, net of taxes 3 2 6 4
Net income from continuing operations 66 46 124 38
Net (loss) income from discontinued operations, net of taxes (3) 6 2 7
Net income 63 52 126 45
Comprehensive income (loss) $ 84 $ (2) $ 177 $ (35)