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CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
CONSOLIDATED RESULTS OF OPERATIONS        
Net sales $ 1,616 $ 1,670 $ 4,595 $ 5,063
Revenue, Product and Service [Extensible List] Net sales Net sales Net sales Net sales
Cost of goods sold $ (1,339) $ (1,371) $ (3,887) $ (4,131)
Gross profit 277 299 708 932
Selling and administrative expense (95) (108) (308) (339)
Research, development and engineering expense (16) (16) (45) (50)
Interest expense, net (61) (83) (212) (215)
Equity earnings 21 17 49 55
Other income (expense), net (incl. goodwill impairment-2019) 250 (645) 147 (709)
Earnings (loss) from continuing operations before income taxes 376 (536) 339 (326)
Provision for income taxes (41) (31) (50) (86)
Earnings (loss) from continuing operations 335 (567) 289 (412)
Loss from discontinued operations       (1)
Net earnings (loss) 335 (567) 289 (413)
Net earnings attributable to non-controlling interests (7) (8) (11) (17)
Net earnings (loss) attributable to the Company 328 (575) 278 (430)
Amounts attributable to the Company:        
Earnings (loss) from continuing operations 328 (575) 278 (429)
Loss from discontinued operations       (1)
Net earnings (loss) attributable to the Company $ 328 $ (575) $ 278 $ (430)
Basic earnings per share:        
Net earnings (loss) from continuing operations attributable to the Company (in dollars per share) $ 2.09 $ (3.69) $ 1.77 $ (2.77)
Loss from discontinued operations (in dollars per share)       (0.01)
Net earnings (loss) (in dollars per share) $ 2.09 $ (3.69) $ 1.77 $ (2.78)
Weighted average shares outstanding (thousands) (in shares) 157,073 155,536 156,650 155,083
Diluted earnings per share:        
Net earnings (loss) from continuing operations attributable to the Company (in dollars per share) $ 2.06 $ (3.69) $ 1.76 $ (2.77)
Loss from discontinued operations (in dollars per share)       (0.01)
Net earnings (loss) (in dollars per share) $ 2.06 $ (3.69) $ 1.76 $ (2.78)
Weighted average diluted shares outstanding (thousands) (in shares) 159,299 155,536 158,438 155,083