XML 66 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED RESULTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net sales $ 7,358 $ 6,633 $ 6,652
Manufacturing, shipping, and delivery expense (5,979) (5,283) (5,317)
Gross profit 1,379 1,350 1,335
Selling and administrative expense (556) (492) (493)
Research, development, and engineering expense (71) (62) (58)
Interest expense (314) (249) (222)
Interest income 11 13 18
Equity earnings 66 59 53
Royalties and net technical assistance 16 16 13
Other income 11 16 11
Other expense (948) (227) (442)
Earnings (loss) from continuing operations before income taxes (406) 424 215
Provision for income taxes (85) (129) (83)
Earnings (loss) from continuing operations (491) 295 132
Earnings from discontinued operations   31 66
Gain (loss) on disposal of discontinued operations 1 (331)  
Net earnings (loss) (490) (5) 198
Net earnings attributable to noncontrolling interests (20) (42) (36)
Net earnings (loss) attributable to the Company (510) (47) 162
Amounts attributable to the Company:      
Earnings (loss) from continuing operations (511) 258 110
Earnings from discontinued operations   24 52
Gain (loss) on disposal of discontinued operations 1 (329)  
Net earnings (loss) attributable to the Company (510) (47) 162
Amounts attributable to noncontrolling interests:      
Earnings from continuing operations 20 37 22
Earnings from discontinued operations   7 14
Loss on disposal of discontinued operations   (2)  
Net earnings $ 20 $ 42 $ 36
Basic earnings per share:      
Earnings (loss) from continuing operations (in dollars per share) $ (3.12) $ 1.57 $ 0.65
Earnings from discontinued operations (in dollars per share)   $ 0.14 $ 0.31
Gain (loss) on disposal of discontinued operations (in dollars per share) $ 0.01 $ (2.00)  
Net earnings (loss) (in dollars per share) $ (3.11) $ (0.29) $ 0.96
Diluted earnings per share:      
Earnings (loss) from continuing operations (in dollars per share) $ (3.12) $ 1.55 $ 0.65
Earnings from discontinued operations (in dollars per share)   $ 0.14 $ 0.30
Gain (loss) on disposal of discontinued operations (in dollars per share) $ 0.01 $ (1.97)  
Net earnings (loss) (in dollars per share) $ (3.11) $ (0.28) $ 0.95