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Condensed Consolidated Statements of Operations (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Net sales $ 1,236 $ 1,294
Cost of sales 1,058 1,085
Gross profit 178 209
Selling, general and administrative expense 85 84
Asset impairments 23 0
Business realignment costs 15 3
Other operating expense, net 11 3
Operating income 44 119
Interest expense, net 65 64
Other non-operating expense (income), net 2 (3)
(Loss) income from continuing operations before income tax and earnings from unconsolidated entities (23) 58
Income tax (benefit) expense (2) 3
(Loss) income from continuing operations before earnings from unconsolidated entities (21) 55
Earnings from unconsolidated entities, net of taxes 5 3
Net (loss) income from continuing operations (16) 58
Net income from discontinued operations, net of taxes 0 5
Net (loss) income $ (16) $ 63