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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net sales $ 870 $ 909
Cost of sales 737 802
Gross profit 133 107
Selling, general and administrative expense 77 84
Business realignment costs 7 3
Other operating expense (income), net (6) 3
Operating income 55 17
Interest expense, net 83 79
Loss (gain) on extinguishment of debt 3 (23)
Other non-operating expense, net 4 2
Loss before income tax and earnings from unconsolidated entities (35) (41)
Income tax expense 8 7
Loss before earnings from unconsolidated entities (43) (48)
Earnings from unconsolidated entities, net of taxes 1 4
Net loss $ (42) $ (44)