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CONDENSED CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
CONDENSED CONSOLIDATED RESULTS OF OPERATIONS        
Net sales $ 1,712 $ 1,566 $ 5,060 $ 4,530
Cost of goods sold (1,376) (1,290) (4,063) (3,712)
Gross profit 336 276 997 818
Selling and administrative expense (121) (109) (375) (351)
Research, development and engineering expense (16) (15) (48) (46)
Interest expense, net (66) (67) (199) (188)
Equity earnings 15 17 44 46
Other income (expense), net 5 (44) (24) (59)
Earnings from continuing operations before income taxes 153 58 395 220
Provision for income taxes (36) (33) (93) (73)
Earnings from continuing operations 117 25 302 147
Loss from discontinued operations (3) (1) (6) (3)
Net earnings 114 24 296 144
Net earnings attributable to noncontrolling interests (6) (7) (16) (16)
Net earnings attributable to the Company 108 17 280 128
Amounts attributable to the Company:        
Earnings from continuing operations 111 18 286 131
Loss from discontinued operations (3) (1) (6) (3)
Net earnings $ 108 $ 17 $ 280 $ 128
Basic earnings per share:        
Earnings from continuing operations (in dollars per share) $ 0.68 $ 0.11 $ 1.76 $ 0.81
Loss from discontinued operations (in dollars per share) (0.02) (0.01) (0.04) (0.02)
Net earnings (in dollars per share) $ 0.66 $ 0.10 $ 1.72 $ 0.79
Weighted average shares outstanding (thousands) (in shares) 162,080 160,730 161,744 161,284
Diluted earnings per share:        
Earnings from continuing operations (in dollars per share) $ 0.68 $ 0.11 $ 1.75 $ 0.81
Loss from discontinued operations (in dollars per share) (0.02) (0.01) (0.04) (0.02)
Net earnings (in dollars per share) $ 0.66 $ 0.10 $ 1.71 $ 0.79
Weighted average diluted shares outstanding (thousands) (in shares) 163,204 161,612 162,607 162,264