XML 12 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statement Of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales $ 1,546 $ 1,609 $ 2,995 $ 3,217
Costs and expenses        
Cost of sales 1,313 1,373 2,563 2,753
Selling, general and administrative expenses 106 101 204 201
Amortization of intangibles 2 4 4 9
Restructuring charges, net 5 11 6 12
Loss on extinguishment of debt (17) (17) (2)
Other income, net 7 4 8 16
Income before interest expense and income taxes 110 124 209 256
Interest expense 30 27 57 55
Income before income taxes 80 97 152 201
Income tax expense 29 36 53 67
Equity in earnings of affiliates 4 2 4 3
Net income 55 63 103 137
Less: Noncontrolling interests net income 2 4 5 15
Net income attributable to the parent company $ 53 $ 59 $ 98 $ 122
Net income per share attributable to the parent company        
Basic $ 0.36 $ 0.36 $ 0.66 $ 0.75
Diluted $ 0.36 $ 0.36 $ 0.66 $ 0.74
Weighted-average shares outstanding - Basic 146.6 162.1 148.0 163.4
Weighted-average shares outstanding - Diluted 147.0 163.2 148.4 164.6
Cash dividends declared per share $ 0.06 $ 0.06 $ 0.12 $ 0.11