XML 47 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net sales $ 1,337 $ 1,250 $ 2,630 $ 2,442
Cost of sales 1,174 1,098 2,303 2,147
Gross profit 163 152 327 295
Selling, general and administrative expense 95 89 191 181
Asset impairments 0 7 0 7
Business realignment costs 12 2 18 11
Other operating expense (income), net (1) 5 3 2
Operating income 57 49 115 94
Interest expense, net 76 76 153 150
Loss on extinguishment of debt   0 0 6
Other non-operating (income) expense, net 3 (2) 5 3
(Loss) income from continuing operations before income tax and earnings from unconsolidated entities (22) (25) (43) (65)
Income tax benefit 11 6 21 (26)
Income from continuing operations before earnings from unconsolidated entities (33) (31) (64) (39)
Earnings from unconsolidated entities, net of taxes 6 3 10 7
Net income $ (27) $ (28) $ (54) $ (32)