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Consolidated Statement Of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net sales $ 1,701 $ 1,449
Costs and expenses    
Cost of sales 1,438 1,250
Selling, general and administrative expenses 121 98
Amortization of intangibles 2 2
Restructuring charges, net 2 1
Other expense, net (9) (2)
Income before interest and income taxes 129 96
Interest income 3 3
Interest expense 27 27
Income before income taxes 105 72
Income tax expense 30 24
Equity in earnings of affiliates 5
Net income 80 48
Less: Noncontrolling interests net income 5 3
Less: Redeemable noncontrolling interest net income
Net income attributable to the parent company $ 75 $ 45
Net income per share attributable to the parent company    
Basic $ 0.52 $ 0.30
Diluted $ 0.51 $ 0.30
Weighted-average common shares outstanding - Basic 144.6 149.4
Weighted-average common shares outstanding - Diluted 145.9 149.9
Cash dividends declared per share $ 0.06 $ 0.06