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Consolidated Statement Of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales $ 1,840 $ 1,546 $ 3,541 $ 2,995
Costs and expenses        
Cost of sales 1,564 1,313 3,002 2,563
Selling, general and administrative expenses 133 106 254 204
Amortization of intangibles 3 2 5 4
Restructuring charges, net 10 5 12 6
Other income (expense), net 5 (9) 3
Income before interest and income taxes 130 125 259 221
Loss on extinguishment of debt (6) (17) (6) (17)
Interest income 2 2 5 5
Interest expense 27 30 54 57
Income before income taxes 99 80 204 152
Income tax expense 31 29 61 53
Equity in earnings of affiliates 5 4 10 4
Net income 73 55 153 103
Less: Noncontrolling interests net income 5 2 10 5
Less: Redeemable noncontrolling interests net loss (3) (3)
Net income attributable to the parent company $ 71 $ 53 $ 146 $ 98
Net income per share available to common stockholders        
Basic $ 0.48 $ 0.36 $ 1.00 $ 0.66
Diluted $ 0.47 $ 0.36 $ 0.99 $ 0.66
Weighted-average common shares outstanding - Basic 144.8 146.6 144.7 148.0
Weighted-average common shares outstanding - Diluted 146.2 147.0 146.1 148.4
Cash dividends declared per share $ 0.06 $ 0.06 $ 0.12 $ 0.12