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Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net sales $ 2,476 $ 2,669 $ 7,949 $ 8,061
Costs and expenses        
Cost of sales 2,231 2,433 7,205 7,325
Selling, general and administrative expenses 130 126 401 410
Amortization of intangibles 3 3 10 10
Restructuring charges, net 24 17 41 21
Gain (loss) on disposal group previously held for sale 4   (26)  
Other income (expense), net (4) 1 (4) 10
Earnings before interest and income taxes 88 91 262 305
Loss on extinguishment of debt       (1)
Interest income 4 5 10 14
Interest expense 40 41 118 114
Earnings before income taxes 52 55 154 204
Income tax expense 43 33 134 118
Equity in earnings of affiliates 2 3 7 6
Net income 11 25 27 92
Less: Noncontrolling interests net income 7 8 17 17
Less: Redeemable noncontrolling interests net loss   (2) (13) (2)
Net income attributable to the parent company $ 4 $ 19 $ 23 $ 77
Net income per share available to common stockholders        
Basic (in dollars per share) $ 0.03 $ 0.13 $ 0.16 $ 0.53
Diluted (in dollars per share) $ 0.03 $ 0.13 $ 0.16 $ 0.53
Weighted-average common shares outstanding        
Basic (in shares) 145.0 144.3 144.9 144.2
Diluted (in shares) 145.1 144.7 145.0 144.5