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Condensed Consolidated Statements of Operations (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net sales $ 1,250 $ 1,259 $ 2,442 $ 2,495
Cost of sales 1,098 1,088 2,147 2,152
Gross profit 152 171 295 343
Selling, general and administrative expense 89 79 181 164
Asset impairments 7 0 7 23
Business realignment costs 2 3 11 18
Other operating expense (income), net 5 (3) 2 2
Operating income 49 92 94 136
Interest expense, net 76 67 150 132
Loss on extinguishment of debt 0 0 6 0
Other non-operating (income) expense, net (2) (1) 3 1
(Loss) income from continuing operations before income tax and earnings from unconsolidated entities (25) 26 (65) 3
Income tax benefit 6 4 (26) 2
Income from continuing operations before earnings from unconsolidated entities (31) 22 (39) 1
Earnings from unconsolidated entities, net of taxes 3 6 7 11
Net income $ (28) $ 28 $ (32) $ 12