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Consolidated Statement Of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 1,609 $ 1,710 $ 3,217 $ 3,398
Costs and expenses        
Cost of sales 1,373 1,462 2,753 2,916
Selling, general and administrative expenses 101 108 201 213
Amortization of intangibles 4 10 9 23
Restructuring charges, net $ 11 $ 3 12 $ 12
Loss on extinguishment of debt     (2)  
Other income, net $ 4 $ 21 16 $ 15
Income from continuing operations before interest expense and income taxes 124 148 256 249
Interest expense 27 29 55 59
Income from continuing operations before income taxes 97 119 201 190
Income tax expense 36 33 67 67
Equity in earnings of affiliates 2 6 3 7
Income from continuing operations 63 92 137 130
Loss from discontinued operations 0 (2) 0 (3)
Net income 63 90 137 127
Less: Noncontrolling interests net income 4 4 15 7
Net income attributable to the parent company $ 59 86 $ 122 120
Preferred stock dividend requirements   2   5
Net income available to common stockholders $ 59 $ 84 $ 122 $ 115
Basic:        
Income from continuing operations $ 0.36 $ 0.55 $ 0.75 $ 0.77
Loss from discontinued operations 0.00 (0.01) 0.00 (0.02)
Net income 0.36 0.54 0.75 0.75
Diluted:        
Income from continuing operations 0.36 0.50 0.74 0.70
Loss from discontinued operations 0.00 (0.01) 0.00 (0.02)
Net income $ 0.36 $ 0.49 $ 0.74 $ 0.68
Weighted-average common shares outstanding        
Basic 162.1 156.7 163.4 153.7
Diluted 163.2 175.1 164.6 176.0
Dividends declared per common share $ 0.06 $ 0.05 $ 0.11 $ 0.10