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CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
CONSOLIDATED RESULTS OF OPERATIONS        
Net sales $ 1,772 $ 1,751 $ 3,508 $ 3,366
Cost of goods sold (1,426) (1,405) (2,843) (2,705)
Gross profit 346 346 665 661
Selling and administrative expense (126) (123) (252) (242)
Research, development and engineering expense (17) (16) (33) (31)
Interest expense, net (74) (62) (136) (141)
Equity earnings 21 18 38 33
Other expense, net (72) (11) (69) (56)
Earnings from continuing operations before income taxes 78 152 213 224
Provision for income taxes (22) (9) (54) (28)
Earnings from continuing operations 56 143 159 196
Loss from discontinued operations     (1)  
Net earnings 56 143 158 196
Net earnings attributable to noncontrolling interests (6) (3) (11) (8)
Net earnings attributable to the Company 50 140 147 188
Amounts attributable to the Company:        
Earnings from continuing operations 50 140 148 188
Loss from discontinued operations     (1)  
Net earnings attributable to the Company $ 50 $ 140 $ 147 $ 188
Basic earnings per share:        
Earnings from continuing operations (in dollars per share) $ 0.31 $ 0.86 $ 0.91 $ 1.16
Loss from discontinued operations (in dollars per share)     (0.01)  
Net earnings (in dollars per share) $ 0.31 $ 0.86 $ 0.90 $ 1.16
Weighted average shares outstanding (thousands) (in shares) 160,858 162,716 161,904 162,553
Diluted earnings per share:        
Earnings from continuing operations (in dollars per share) $ 0.31 $ 0.85 $ 0.90 $ 1.15
Net earnings (in dollars per share) $ 0.31 $ 0.85 $ 0.90 $ 1.15
Weighted average diluted shares outstanding (thousands) (in shares) 162,712 164,482 163,964 164,162