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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net sales $ 819 $ 1,065 $ 2,680 $ 3,231
Cost of sales 701 905 2,357 2,753
Gross profit 118 160 323 478
Selling, general and administrative expense 69 71 235 229
Gain (Loss) on Disposition of Business 0 0 (240) 0
Business realignment costs (3) 3 42 11
Other operating expense (income), net 7 12 6 22
Operating income 45 74 280 216
Interest expense, net 76 84 235 245
Gain on extinguishment of debt (3) (14) (47) (14)
Other non-operating expense (income), net 2 0 1 (1)
(Loss) income before income tax and (losses) earnings from unconsolidated entities (30) 4 91 (14)
Income tax expense 16 1 40 28
(Loss) income before (losses) earnings from unconsolidated entities (46) 3 51 (42)
(Losses) earnings from unconsolidated entities, net of taxes (1) 4 8 13
Net (loss) income $ (47) $ 7 $ 59 $ (29)