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CONDENSED CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
CONDENSED CONSOLIDATED RESULTS OF OPERATIONS        
Net sales $ 1,890 $ 1,778 $ 3,721 $ 3,469
Revenue, Product and Service [Extensible List] us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Cost of goods sold $ (1,474) $ (1,453) $ (2,821) $ (2,841)
Gross profit 416 325 900 628
Selling and administrative expense (143) (123) (290) (243)
Research, development and engineering expense (22) (20) (41) (42)
Interest expense, net (118) (46) (186) (112)
Equity earnings 30 24 60 47
Other income (expense), net (9) 168 (19) 220
Earnings before income taxes 154 328 424 498
Provision for income taxes (41) (72) (101) (120)
Net earnings 113 256 323 378
Net earnings attributable to non-controlling interests (3) (4) (7) (38)
Net earnings attributable to the Company $ 110 $ 252 $ 316 $ 340
Basic earnings per share:        
Net earnings attributable to the Company (in dollars per share) $ 0.71 $ 1.62 $ 2.04 $ 2.18
Weighted average shares outstanding (thousands) (in shares) 154,989 155,683 154,843 155,765
Diluted earnings per share:        
Net earnings attributable to the Company (in dollars per share) $ 0.69 $ 1.59 $ 1.98 $ 2.14
Weighted average diluted shares outstanding (thousands) (in shares) 159,328 158,951 159,212 158,874