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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net Sales $ 1,911 $ 1,947 $ 10,863 $ 11,472
Cost of Goods Sold 1,349 1,485 6,607 7,924
Research and Development Expense 289 325 857 1,010
Selling, General and Administrative Expenses 646 633 2,318 2,347
Amortization of Intangible Assets 100 88 314 284
Restructuring and Asset Related Charges - Net 46 235 167 466
Integration and Separation Costs 152 253 694 697
Goodwill impairment charge 0 4,503 0 4,503
Other income - net 59 7 90 118
Loss on early extinguishment of debt 0 0 13 0
Interest Expense 19 82 112 251
Loss from continuing operations before income taxes (631) (5,650) [1] (129) [1] (5,892) [1]
(Benefit from) provision for income taxes on continuing operations (104) (8) 99 (187)
Loss from continuing operations after income taxes (527) (5,642) [1] (228) [1] (5,705) [1]
Income (loss) from discontinued operations after income taxes 22 526 (695) 1,200
Net loss (505) (5,116) (923) (4,505)
Net (loss) income attributable to noncontrolling interests (11) 5 15 29
Net loss attributable to company $ (494) $ (5,121) $ (938) $ (4,534)
Basic loss per share of common stock from continuing operations $ (0.69) $ (7.54) $ (0.32) $ (7.64)
Basic earnings (loss) per share of common stock from discontinued operations 0.03 0.71 (0.93) 1.59
Basic loss per share of common stock (0.66) (6.83) (1.25) (6.05)
Diluted loss per share of common stock from continuing operations (0.69) (7.54) (0.32) (7.64)
Diluted earnings (loss) per share of common stock from discontinued operations 0.03 0.71 (0.93) 1.59
Diluted loss per share of common stock $ (0.66) $ (6.83) $ (1.25) $ (6.05)
EID [Member]        
Net Sales $ 1,911 $ 1,947 $ 10,863 $ 11,472
Cost of Goods Sold 1,349 1,485 6,607 7,924
Research and Development Expense 289 325 857 1,010
Selling, General and Administrative Expenses 646 633 2,318 2,347
Amortization of Intangible Assets 100 88 314 284
Restructuring and Asset Related Charges - Net 46 235 167 466
Integration and Separation Costs 152 253 694 697
Goodwill impairment charge 0 4,503 0 4,503
Other income - net 59 7 90 118
Loss on early extinguishment of debt 0 0 13 0
Interest Expense 58 82 181 251
Loss from continuing operations before income taxes (670) (5,650) [2] (198) [2] (5,892) [2]
(Benefit from) provision for income taxes on continuing operations (113) (8) 83 (187)
Loss from continuing operations after income taxes (557) (5,642) (281) (5,705)
Income (loss) from discontinued operations after income taxes 22 526 (695) 1,200
Net loss (535) (5,116) (976) (4,505)
Net (loss) income attributable to noncontrolling interests (11) 3 8 22
Net loss attributable to company $ (524) $ (5,119) $ (984) $ (4,527)
[1]
Periods prior to March 31, 2019 are on a pro forma basis, prepared in accordance with Article 11 of Regulation S-X.
[2]
Periods prior to March 31, 2019 are on a pro forma basis, prepared in accordance with Article 11 of Regulation S-X.