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CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CONSOLIDATED RESULTS OF OPERATIONS    
Net sales $ 1,736 $ 1,615
Cost of goods sold (1,417) (1,300)
Gross profit 319 315
Selling and administrative expense (126) (119)
Research, development and engineering expense (16) (15)
Interest expense, net (62) (78)
Equity earnings 17 15
Other income (expense), net 3 (45)
Earnings from continuing operations before income taxes 135 73
Provision for income taxes (32) (20)
Earnings from continuing operations 103 53
Net earnings 103 53
Net earnings attributable to noncontrolling interests (5) (4)
Net earnings attributable to the Company 98 49
Amounts attributable to the Company:    
Earnings from continuing operations 98 49
Net earnings attributable to the Company $ 98 $ 49
Basic earnings per share:    
Earnings from continuing operations (in dollars per share) $ 0.60 $ 0.30
Net earnings (in dollars per share) $ 0.60 $ 0.30
Weighted average shares outstanding (thousands) (in shares) 162,919 162,388
Diluted earnings per share:    
Earnings from continuing operations (in dollars per share) $ 0.59 $ 0.30
Net earnings (in dollars per share) $ 0.59 $ 0.30
Weighted average diluted shares outstanding (thousands) (in shares) 165,186 163,840