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CONDENSED CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
CONDENSED CONSOLIDATED RESULTS OF OPERATIONS        
Net sales $ 1,693 $ 1,609 $ 5,163 $ 4,770
Revenue, Product and Service [Extensible List] us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Cost of goods sold $ (1,368) $ (1,307) $ (4,209) $ (3,916)
Gross profit 325 302 954 854
Selling and administrative expense (128) (108) (371) (325)
Research, development and engineering expense (14) (19) (56) (57)
Interest expense, net (63) (50) (175) (153)
Equity earnings 24 23 71 64
Other income (expense), net 134 (21) 353 (123)
Earnings from continuing operations before income taxes 278 127 776 260
Provision for income taxes (43) (43) (164) (144)
Earnings from continuing operations 235 84 612 116
Gain from discontinued operations   7   7
Net earnings 235 91 612 123
Net earnings attributable to non-controlling interests (4) (6) (41) (17)
Net earnings attributable to the Company 231 85 571 106
Amounts attributable to the Company:        
Earnings from continuing operations 231 78 571 99
Gain from discontinued operations   7   7
Net earnings attributable to the Company $ 231 $ 85 $ 571 $ 106
Basic earnings per share:        
Earnings from continuing operations (in dollars per share) $ 1.49 $ 0.49 $ 3.67 $ 0.62
Gain from discontinued operations (in dollars per share)   0.05   0.05
Net earnings (in dollars per share) $ 1.49 $ 0.54 $ 3.67 $ 0.67
Weighted average shares outstanding (thousands) (in shares) 155,115 156,825 155,546 157,430
Diluted earnings per share:        
Earnings from continuing operations (in dollars per share) $ 1.45 $ 0.48 $ 3.59 $ 0.61
Gain from discontinued operations (in dollars per share)   0.05   0.05
Net earnings (in dollars per share) $ 1.45 $ 0.53 $ 3.59 $ 0.66
Weighted average diluted shares outstanding (thousands) (in shares) 158,935 160,511 158,892 160,473