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CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CONSOLIDATED RESULTS OF OPERATIONS      
Net sales $ 6,091 $ 6,691 $ 6,877
Revenue, Product and Service [Extensible List] Net sales Net sales Net sales
Cost of goods sold $ (5,119) $ (5,483) $ (5,594)
Gross profit 972 1,208 1,283
Selling and administrative expense (403) (439) (483)
Research, development and engineering expense (75) (68) (70)
Interest expense, net (265) (311) (261)
Equity earnings 37 78 77
Other income (expense), net (incl. goodwill impairment) 87 (729) (269)
Earnings (loss) from continuing operations before income taxes 353 (261) 277
Provision for income taxes (89) (118) (108)
Earnings (loss) from continuing operations 264 (379) 169
Gain (loss) from discontinued operations   (3) 113
Net earnings (loss) 264 (382) 282
Net earnings attributable to noncontrolling interests (15) (18) (25)
Net earnings (loss) attributable to the Company 249 (400) 257
Amounts attributable to the Company:      
Earnings (loss) from continuing operations 249 (397) 144
Gain (loss) from discontinued operations   (3) 113
Net earnings (loss) attributable to the Company $ 249 $ (400) $ 257
Basic earnings per share:      
Earnings (loss) from continuing operations (in dollars per share) $ 1.59 $ (2.56) $ 0.90
Gain (loss) from discontinued operations (in dollars per share)   (0.02) 0.71
Net earnings (loss) (in dollars per share) 1.59 (2.58) 1.61
Diluted earnings per share:      
Earnings (loss) from continuing operations (in dollars per share) 1.57 (2.56) 0.89
Gain (loss) from discontinued operations (in dollars per share)   (0.02) 0.70
Net earnings (loss) (in dollars per share) 1.57 (2.58) 1.59
Dividends declared per common share $ 0.05 $ 0.15 $ 0.05