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Consolidated Statement of Operations - 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 $ 4,686 $ 4,613 $ 14,039 $ 14,315
Costs and Expenses        
Cost of products sold 3,342 3,345 10,126 10,347
Selling and administrative expenses 508 286 1,319 1,003
Depreciation and amortization 267 258 806 743
Distribution expenses 357 382 1,127 1,180
Taxes other than payroll and income taxes 37 39 113 115
Restructuring and other charges, net 56 0 59 0
Net (gains) losses on sales of fixed assets 0 0 0 0
Interest expense, net 51 58 152 179
Non-operating pension expense (income) (12) 13 (34) 40
Earnings (loss) from continuing operations before income taxes and equity earnings 80 232 371 708
Income tax provision (benefit) (71) 39 (337) 120
Equity earnings (loss), net of taxes (1) (1) (4) (2)
Earnings (Loss) From Continuing Operations 150 192 704 586
Discontinued operations, net of taxes 0 (27) 0 (14)
Net Earnings (Loss) $ 150 $ 165 $ 704 $ 572
Basic Earnings (Loss) Per Share        
Basic earnings (loss) per share from continuing operations $ 0.43 $ 0.55 $ 2.02 $ 1.69
Discontinued operations, net of taxes 0 (0.08) 0 (0.04)
Earnings Per Share, Basic, Total 0.43 0.47 2.02 1.65
Diluted Earnings (Loss) Per Share        
Diluted earnings (loss) per share from continuing operations 0.42 0.55 1.99 1.68
Discontinued operations, net of taxes 0 (0.08) 0 (0.04)
Earnings Per Share, Diluted, Total $ 0.42 $ 0.47 $ 1.99 $ 1.64
Average Shares of Common Stock Outstanding – assuming dilution 353.4 348.1 353.6 349.0