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Condensed Consolidated Statements of Operations (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net sales $ 1,259 $ 1,438 $ 2,495 $ 2,732
Cost of sales 1,087 1,223 2,145 2,308
Gross profit 172 215 350 424
Selling, general and administrative expense 79 87 164 171
Asset impairments 0 18 23 18
Business realignment costs 3 5 18 8
Other operating (income) expense, net (2) (23) 9 (21)
Operating income 92 128 136 248
Interest expense, net 67 65 132 129
Other non-operating expense (income), net (1) 0 1 (2)
Income from continuing operations before income tax and earnings from unconsolidated entities 26 63 3 121
Income tax expense 4 0 2 3
Income from continuing operations before earnings from unconsolidated entities 22 63 1 118
Earnings from unconsolidated entities, net of taxes 6 3 11 6
Net income from continuing operations 28 66 12 124
Net (loss) income from discontinued operations, net of taxes 0 (3) 0 2
Net income $ 28 $ 63 $ 12 $ 126