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CONDENSED CONSOLIDATED RESULTS OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales $ 1,747 $ 1,862 $ 5,252 $ 5,540
Manufacturing, shipping and delivery expense (1,405) (1,475) (4,156) (4,455)
Gross profit 342 387 1,096 1,085
Selling and administrative expense (131) (138) (410) (426)
Research, development and engineering expense (13) (18) (45) (52)
Interest expense (61) (70) (187) (246)
Interest income 2 2 7 8
Equity earnings 16 19 47 52
Royalties and net technical assistance 4 4 13 12
Other income 4 2 10 6
Other expense (36) (40) (55) (66)
Earnings from continuing operations before income taxes 127 148 476 373
Provision for income taxes (28) (25) (113) (85)
Earnings from continuing operations 99 123 363 288
Loss from discontinued operations (2) (3) (4) (2)
Net earnings 97 120 359 286
Net earnings attributable to noncontrolling interests (7) (4) (15) (15)
Net earnings attributable to the Company 90 116 344 271
Amounts attributable to the Company:        
Earnings from continuing operations 92 119 348 273
Loss from discontinued operations (2) (3) (4) (2)
Net earnings attributable to the Company $ 90 $ 116 $ 344 $ 271
Basic earnings per share:        
Earnings from continuing operations (in dollars per share) $ 0.55 $ 0.73 $ 2.11 $ 1.66
Loss from discontinued operations (in dollars per share) $ (0.01) $ (0.02) $ (0.03) $ (0.01)
Net earnings (in dollars per share) $ 0.54 $ 0.71 $ 2.08 $ 1.65
Weighted average shares outstanding (thousands) (in shares) 164,800 163,812 164,614 163,602
Diluted earnings per share:        
Earnings from continuing operations (in dollars per share) $ 0.55 $ 0.72 $ 2.10 $ 1.64
Loss from discontinued operations (in dollars per share) $ (0.01) $ (0.02) $ (0.03) $ (0.01)
Net earnings (in dollars per share) $ 0.54 $ 0.70 $ 2.07 $ 1.63
Weighted average diluted shares outstanding (thousands) (in shares) 165,765 165,695 165,964 166,017