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Consolidated Statement Of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 1,468 $ 1,637 $ 4,685 $ 5,035
Costs and expenses        
Cost of sales 1,255 1,397 4,008 4,313
Selling, general and administrative expenses 98 97 299 310
Amortization of intangibles 4 10 13 33
Restructuring charges, net 1 $ 2 13 $ 14
Impairment of long-lived assets $ (36)   (36)  
Loss on extinguishment of debt (2)
Other income, net $ 2 $ 20 18 $ 35
Income from continuing operations before interest expense and income taxes 76 151 332 400
Interest expense 31 30 86 89
Income from continuing operations before income taxes 45 121 246 311
Income tax expense (benefit) (77) 29 (10) 96
Equity in earnings of affiliates 0 2 3 9
Income from continuing operations 122 94 259 224
Loss from discontinued operations 0 (1) 0 (4)
Net income 122 93 259 220
Less: Noncontrolling interests net income 3 3 18 10
Net income attributable to the parent company $ 119 90 $ 241 210
Preferred stock dividend requirements 2 7
Net income available to common stockholders $ 119 $ 88 $ 241 $ 203
Basic:        
Income from continuing operations $ 0.75 $ 0.57 $ 1.49 $ 1.34
Loss from discontinued operations 0.00 (0.01) 0.00 (0.03)
Net income 0.75 0.56 1.49 1.31
Diluted:        
Income from continuing operations 0.75 0.53 1.48 1.22
Loss from discontinued operations 0.00 (0.01) 0.00 (0.02)
Net income $ 0.75 $ 0.52 $ 1.48 $ 1.20
Weighted-average common shares outstanding        
Basic 158.0 156.5 161.6 154.6
Diluted 158.9 172.9 162.7 174.9
Dividends declared per common share $ 0.06 $ 0.05 $ 0.17 $ 0.15