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Condensed Consolidated Statements of Operations (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net sales $ 1,347 $ 1,249 $ 3,977 $ 3,691
Cost of sales 1,188 1,092 3,491 3,239
Gross profit 159 157 486 452
Selling, general and administrative expense 84 93 275 274
Asset impairments 0 0 0 7
Business realignment costs 6 4 24 15
Other operating expense (income), net 4 2 7 4
Operating income 65 58 180 152
Interest expense, net 77 77 230 227
Loss on extinguishment of debt   0 0 6
Other non-operating (income) expense, net 18 (2) 23 1
(Loss) income from continuing operations before income tax and earnings from unconsolidated entities (30) (17) (73) (82)
Income tax benefit 2 57 23 31
Income from continuing operations before earnings from unconsolidated entities (32) (74) (96) (113)
Earnings from unconsolidated entities, net of taxes 4 (2) 14 5
Net income $ (28) $ (76) $ (82) $ (108)