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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales $ 912 $ 952 $ 1,782 $ 1,861
Cost of sales 778 854 1,515 1,656
Gross profit 134 98 267 205
Selling, general and administrative expense 75 82 152 166
Gain (Loss) on Disposition of Business 0 (240) 0 (240)
Business realignment costs 10 42 17 45
Other operating expense (income), net 9 (4) 3 (1)
Operating income 40 218 95 235
Interest expense, net 82 80 165 159
Loss (gain) on extinguishment of debt 0 (21) 3 (44)
Other non-operating income, net (5) (3) (1) (1)
(Loss) income before income tax and earnings from unconsolidated entities (37) 162 (72) 121
Income tax (benefit) expense (1) 17 7 24
(Loss) income before earnings from unconsolidated entities (36) 145 (79) 97
Earnings from unconsolidated entities, net of taxes 2 5 3 9
Net (loss) income $ (34) $ 150 $ (76) $ 106