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CONDENSED CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
CONDENSED CONSOLIDATED RESULTS OF OPERATIONS        
Net sales $ 1,778 $ 1,660 $ 3,469 $ 3,161
Revenue, Product and Service [Extensible List] us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Cost of goods sold $ (1,453) $ (1,354) $ (2,841) $ (2,609)
Gross profit 325 306 628 552
Selling and administrative expense (123) (116) (243) (218)
Research, development and engineering expense (20) (19) (42) (37)
Interest expense, net (46) (52) (112) (103)
Equity earnings 24 22 47 40
Other income (expense), net 168 57 220 (101)
Earnings before income taxes 328 198 498 133
Provision for income taxes (72) (75) (120) (100)
Net earnings 256 123 378 33
Net earnings attributable to non-controlling interests (4) (5) (38) (12)
Net earnings attributable to the Company $ 252 $ 118 $ 340 $ 21
Basic earnings per share:        
Net earnings attributable to the Company (in dollars per share) $ 1.62 $ 0.75 $ 2.18 $ 0.13
Weighted average shares outstanding (thousands) (in shares) 155,683 157,902 155,765 157,737
Diluted earnings per share:        
Net earnings attributable to the Company (in dollars per share) $ 1.59 $ 0.73 $ 2.14 $ 0.13
Weighted average diluted shares outstanding (thousands) (in shares) 158,951 160,791 158,874 160,459