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CONDENSED CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
CONDENSED CONSOLIDATED RESULTS OF OPERATIONS        
Net sales $ 1,791 $ 1,712 $ 5,157 $ 5,060
Cost of goods sold (1,438) (1,376) (4,143) (4,063)
Gross profit 353 336 1,014 997
Selling and administrative expense (120) (121) (362) (375)
Research, development and engineering expense (15) (16) (46) (48)
Interest expense, net (63) (66) (204) (199)
Equity earnings 22 15 55 44
Other expense, net (5) 5 (61) (24)
Earnings from continuing operations before income taxes 172 153 396 395
Provision for income taxes (37) (36) (65) (93)
Earnings from continuing operations 135 117 331 302
Loss from discontinued operations (2) (3) (2) (6)
Net earnings 133 114 329 296
Net earnings attributable to noncontrolling interests (7) (6) (15) (16)
Net earnings attributable to the Company 126 108 314 280
Amounts attributable to the Company:        
Earnings from continuing operations 128 111 316 286
Loss from discontinued operations (2) (3) (2) (6)
Net earnings attributable to the Company $ 126 $ 108 $ 314 $ 280
Basic earnings per share:        
Earnings from continuing operations (in dollars per share) $ 0.78 $ 0.68 $ 1.94 $ 1.76
Loss from discontinued operations (in dollars per share) (0.01) (0.02) (0.01) (0.04)
Net earnings (in dollars per share) $ 0.77 $ 0.66 $ 1.93 $ 1.72
Weighted average shares outstanding (thousands) (in shares) 162,866 162,080 162,658 161,744
Diluted earnings per share:        
Earnings from continuing operations (in dollars per share) $ 0.77 $ 0.68 $ 1.92 $ 1.75
Loss from discontinued operations (in dollars per share) (0.01) (0.02) (0.01) (0.04)
Net earnings (in dollars per share) $ 0.76 $ 0.66 $ 1.91 $ 1.71
Weighted average diluted shares outstanding (thousands) (in shares) 164,993 163,204 164,440 162,607