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Consolidated Statement Of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net sales $ 1,384 $ 1,468 $ 4,379 $ 4,685
Costs and expenses        
Cost of sales 1,176 1,255 3,739 4,008
Selling, general and administrative expenses 99 98 303 299
Amortization of intangibles 2 4 6 13
Restructuring charges, net 17 1 23 13
Impairment of long-lived assets (36) (36)
Loss on extinguishment of debt 17 2
Other income, net 9 2 17 18
Income before interest expense and income taxes 99 76 308 332
Interest expense 27 31 84 86
Income before income taxes 72 45 224 246
Income tax expense (benefit) 13 (77) 66 (10)
Equity in earnings of affiliates 2 0 6 3
Net income 61 122 164 259
Less: Noncontrolling interests net income 4 3 9 18
Net income attributable to the parent company $ 57 $ 119 $ 155 $ 241
Net income per share attributable to the parent company        
Basic $ 0.40 $ 0.75 $ 1.06 $ 1.49
Diluted $ 0.39 $ 0.75 $ 1.05 $ 1.48
Weighted-average shares outstanding - Basic 144.0 158.0 146.7 161.6
Weighted-average shares outstanding - Diluted 144.6 158.9 147.1 162.7
Cash dividends declared per share $ 0.06 $ 0.06 $ 0.18 $ 0.17