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CONDENSED CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
CONDENSED CONSOLIDATED RESULTS OF OPERATIONS        
Net sales $ 1,751 $ 1,760 $ 3,366 $ 3,348
Cost of goods sold (1,405) (1,418) (2,705) (2,687)
Gross profit 346 342 661 661
Selling and administrative expense (123) (126) (242) (254)
Research, development and engineering expense (16) (16) (31) (32)
Interest expense, net (62) (67) (141) (133)
Equity earnings 18 15 33 29
Other expense, net (11) (7) (56) (29)
Earnings from continuing operations before income taxes 152 141 224 242
Provision for income taxes (9) (30) (28) (57)
Earnings from continuing operations 143 111 196 185
Loss from discontinued operations   (2)   (3)
Net earnings 143 109 196 182
Net earnings attributable to noncontrolling interests (3) (4) (8) (10)
Net earnings attributable to the Company 140 105 188 172
Amounts attributable to the Company:        
Earnings from continuing operations 140 107 188 175
Loss from discontinued operations   (2)   (3)
Net earnings attributable to the Company $ 140 $ 105 $ 188 $ 172
Basic earnings per share:        
Earnings from continuing operations (in dollars per share) $ 0.86 $ 0.66 $ 1.16 $ 1.08
Loss from discontinued operations (in dollars per share)   (0.01)   (0.02)
Net earnings (in dollars per share) $ 0.86 $ 0.65 $ 1.16 $ 1.06
Weighted average shares outstanding (thousands) (in shares) 162,716 161,945 162,553 161,574
Diluted earnings per share:        
Earnings from continuing operations (in dollars per share) $ 0.85 $ 0.65 $ 1.15 $ 1.07
Loss from discontinued operations (in dollars per share)   (0.01)   (0.02)
Net earnings (in dollars per share) $ 0.85 $ 0.64 $ 1.15 $ 1.05
Weighted average diluted shares outstanding (thousands) (in shares) 164,482 162,820 164,162 162,307