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Condensed Consolidated Statements of Operations (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales $ 1,177 $ 1,322 $ 3,672 $ 4,054
Cost of sales 1,037 1,137 3,182 3,445
Gross profit 140 185 490 609
Selling, general and administrative expense 74 82 238 253
Asset impairments 0 0 23 18
Business realignment costs 11 1 29 9
Other operating expense (income), net 4 1 13 (20)
Operating income 51 101 187 349
Interest expense, net 66 67 198 196
Other non-operating (income) expense, net (2) 5 (1) 3
(Loss) income from continuing operations before income tax and earnings from unconsolidated entities (13) 29 (10) 150
Income tax benefit (373) (5) (371) (2)
Income from continuing operations before earnings from unconsolidated entities 360 34 361 152
Earnings from unconsolidated entities, net of taxes 4 5 15 11
Net income from continuing operations 364 39 376 163
Net income from discontinued operations, net of taxes 0 0 0 2
Net income $ 364 $ 39 $ 376 $ 165