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CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
CONSOLIDATED RESULTS OF OPERATIONS        
Net sales $ 1,734 $ 1,791 $ 5,242 $ 5,157
Cost of goods sold (1,410) (1,438) (4,253) (4,143)
Gross profit 324 353 989 1,014
Selling and administrative expense (115) (120) (367) (362)
Research, development and engineering expense (17) (15) (50) (46)
Interest expense, net (63) (63) (199) (204)
Equity earnings 19 22 57 55
Other income (expense), net 20 (5) (49) (61)
Earnings from continuing operations before income taxes 168 172 381 396
Provision for income taxes (41) (37) (95) (65)
Earnings from continuing operations 127 135 286 331
Loss from discontinued operations   (2) (1) (2)
Net earnings 127 133 285 329
Net earnings attributable to noncontrolling interests (7) (7) (18) (15)
Net earnings attributable to the Company 120 126 267 314
Amounts attributable to the Company:        
Earnings from continuing operations 120 128 268 316
Loss from discontinued operations   (2) (1) (2)
Net earnings attributable to the Company $ 120 $ 126 $ 267 $ 314
Basic earnings per share:        
Earnings from continuing operations (in dollars per share) $ 0.75 $ 0.78 $ 1.67 $ 1.94
Loss from discontinued operations (in dollars per share)   (0.01) (0.01) (0.01)
Net earnings (in dollars per share) $ 0.75 $ 0.77 $ 1.66 $ 1.93
Weighted average shares outstanding (thousands) (in shares) 159,032 162,866 160,936 162,658
Diluted earnings per share:        
Earnings from continuing operations (in dollars per share) $ 0.75 $ 0.77 $ 1.65 $ 1.92
Loss from discontinued operations (in dollars per share)   (0.01) (0.01) (0.01)
Net earnings (in dollars per share) $ 0.75 $ 0.76 $ 1.64 $ 1.91
Weighted average diluted shares outstanding (thousands) (in shares) 161,035 164,993 162,977 164,440