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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net sales $ 914 $ 819 $ 2,696 $ 2,680
Cost of sales 797 701 2,312 2,357
Gross profit 117 118 384 323
Selling, general and administrative expense 75 69 227 235
Gain on dispositions 0 0 0 (240)
Asset impairments (see Note 5) 13 0 13 0
Business realignment costs (income) 10 (3) 27 42
Other operating expense, net 1 7 4 6
Operating income 18 45 113 280
Interest expense, net 82 76 247 235
(Gain) loss on extinguishment of debt 0 3 (3) 47
Other non-operating (income) expense, net (3) 2 (4) 1
(Loss) income before income tax and earnings from unconsolidated entities (61) (30) (133) 91
Income tax expense 9 16 16 40
(Loss) income before (losses) earnings from unconsolidated entities (70) (46) (149) 51
(Losses) earnings from unconsolidated entities, net of taxes 0 (1) 3 8
Net (loss) income $ (70) $ (47) $ (146) $ 59