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CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CONSOLIDATED RESULTS OF OPERATIONS        
Net sales $ 1,418 $ 1,756 $ 2,979 $ 3,393
Revenue, Product and Service [Extensible List] Net sales Net sales Net sales Net sales
Cost of goods sold $ (1,255) $ (1,420) $ (2,548) $ (2,760)
Gross profit 163 336 431 633
Selling and administrative expense (97) (116) (213) (231)
Research, development and engineering expense (13) (18) (29) (34)
Interest expense, net (98) (68) (151) (132)
Equity earnings 13 19 28 38
Other expense, net (87) (55) (104) (65)
Earnings (loss) from continuing operations before income taxes (119) 98 (38) 209
Benefit (provision) for income taxes 18 (27) (8) (54)
Earnings (loss) from continuing operations (101) 71 (46) 155
Loss from discontinued operations   (1)   (1)
Net earnings (loss) (101) 70 (46) 154
Net earnings attributable to non-controlling interests   (5) (5) (10)
Net earnings (loss) attributable to the Company (101) 65 (51) 144
Amounts attributable to the Company:        
Earnings (loss) from continuing operations (101) 66 (51) 145
Loss from discontinued operations   (1)   (1)
Net earnings (loss) $ (101) $ 65 $ (51) $ 144
Basic earnings (loss) per share:        
Net earnings (loss) from continuing operations attributable to the Company $ (0.64) $ 0.42 $ (0.32) $ 0.94
Loss from discontinued operations (in dollars per share)       (0.01)
Net earnings (loss) (in dollars per share) $ (0.64) $ 0.42 $ (0.32) $ 0.93
Weighted average shares outstanding (thousands) (in shares) 156,790 155,338 156,435 154,852
Diluted earnings per share:        
Net earnings (loss) from continuing operations attributable to the Company (in dollars per share) $ (0.64) $ 0.42 $ (0.32) $ 0.93
Loss from discontinued operations (in dollars per share)       (0.01)
Net earnings (loss) (in dollars per share) $ (0.64) $ 0.42 $ (0.32) $ 0.92
Weighted average diluted shares outstanding (thousands) (in shares) 156,790 156,471 156,435 156,555