XML 37 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED RESULTS OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
CONSOLIDATED RESULTS OF OPERATIONS    
Net sales $ 1,421us-gaap_SalesRevenueGoodsNet $ 1,639us-gaap_SalesRevenueGoodsNet
Cost of goods sold (1,153)us-gaap_CostOfGoodsAndServicesSold (1,318)us-gaap_CostOfGoodsAndServicesSold
Gross profit 268us-gaap_GrossProfit 321us-gaap_GrossProfit
Selling and administrative expense (124)us-gaap_SellingGeneralAndAdministrativeExpense (133)us-gaap_SellingGeneralAndAdministrativeExpense
Research, development and engineering expense (15)us-gaap_ResearchAndDevelopmentExpense (15)us-gaap_ResearchAndDevelopmentExpense
Interest expense, net (47)us-gaap_InterestExpense (54)us-gaap_InterestExpense
Equity earnings 15us-gaap_IncomeLossFromEquityMethodInvestments 16us-gaap_IncomeLossFromEquityMethodInvestments
Other income (expense), net 3us-gaap_OtherNonoperatingIncomeExpense (1)us-gaap_OtherNonoperatingIncomeExpense
Earnings from continuing operations before income taxes 100us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 134us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes (25)us-gaap_IncomeTaxExpenseBenefit (27)us-gaap_IncomeTaxExpenseBenefit
Earnings from continuing operations 75us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 107us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Loss from discontinued operations   (1)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Net earnings 75us-gaap_ProfitLoss 106us-gaap_ProfitLoss
Net earnings attributable to noncontrolling interests (4)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (5)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net earnings attributable to the Company 71us-gaap_NetIncomeLoss 101us-gaap_NetIncomeLoss
Amounts attributable to the Company:    
Earnings from continuing operations 71us-gaap_IncomeLossFromContinuingOperations 102us-gaap_IncomeLossFromContinuingOperations
Loss from discontinued operations   (1)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net earnings $ 71us-gaap_NetIncomeLoss $ 101us-gaap_NetIncomeLoss
Basic earnings per share:    
Earnings from continuing operations (in dollars per share) $ 0.44us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.62us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Loss from discontinued operations (in dollars per share)   $ (0.01)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerBasicShare
Net earnings (in dollars per share) $ 0.44us-gaap_EarningsPerShareBasic $ 0.61us-gaap_EarningsPerShareBasic
Weighted average shares outstanding (thousands) (in shares) 162,146us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 164,760us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted earnings per share:    
Earnings from continuing operations (in dollars per share) $ 0.44us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.62us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Loss from discontinued operations (in dollars per share)   $ (0.01)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerDilutedShare
Net earnings (in dollars per share) $ 0.44us-gaap_EarningsPerShareDiluted $ 0.61us-gaap_EarningsPerShareDiluted
Weighted average diluted shares outstanding (thousands) (in shares) 163,287us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 166,165us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding