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Consolidated Statement Of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net sales $ 1,449 $ 1,608
Costs and expenses    
Cost of sales 1,250 1,380
Selling, general and administrative expenses 98 100
Amortization of intangibles 2 5
Restructuring charges, net $ 1 1
Loss on extinguishment of debt (2)
Other income, net $ 1 12
Income before interest expense and income taxes 99 132
Interest expense 27 28
Income before income taxes 72 104
Income tax expense $ 24 31
Equity in earnings of affiliates 1
Net income $ 48 74
Less: Noncontrolling interests net income 3 11
Net income attributable to the parent company $ 45 $ 63
Net income per share attributable to the parent company    
Basic $ 0.30 $ 0.38
Diluted $ 0.30 $ 0.38
Weighted-average shares outstanding - Basic 149.4 164.7
Weighted-average shares outstanding - Diluted 149.9 166.0
Cash dividends declared per share $ 0.06 $ 0.05