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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net sales $ 909 $ 1,079
Cost of sales 802 923
Gross profit 107 156
Selling, general and administrative expense 84 82
Business realignment costs 3 3
Other operating expense (income), net 3 8
Operating income 17 63
Interest expense, net 79 77
Gain on extinguishment of debt (23) 0
Other non-operating expense (income), net 2 (3)
Loss before income tax and earnings from unconsolidated entities (41) (11)
Income tax expense 7 26
Loss before earnings from unconsolidated entities (48) (37)
Earnings from unconsolidated entities, net of taxes 4 3
Net loss $ (44) $ (34)