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CONDENSED CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
CONDENSED CONSOLIDATED RESULTS OF OPERATIONS        
Net sales $ 1,743 $ 1,693 $ 5,464 $ 5,163
Revenue, Product and Service [Extensible List] us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Cost of goods sold $ (1,379) $ (1,368) $ (4,199) $ (4,209)
Gross profit 364 325 1,265 954
Selling and administrative expense (134) (128) (424) (371)
Research, development and engineering expense (24) (14) (66) (56)
Interest expense, net (78) (63) (263) (175)
Equity earnings 40 24 100 71
Other income (expense), net (86) 134 (106) 353
Earnings before income taxes 82 278 506 776
Provision for income taxes (26) (43) (127) (164)
Net earnings 56 235 379 612
Net earnings attributable to non-controlling interests (5) (4) (12) (41)
Net earnings attributable to the Company $ 51 $ 231 $ 367 $ 571
Basic earnings per share:        
Net earnings attributable to the Company (in dollars per share) $ 0.33 $ 1.49 $ 2.37 $ 3.67
Weighted average shares outstanding (thousands) (in shares) 154,702 155,115 154,796 155,546
Diluted earnings per share:        
Net earnings attributable to the Company (in dollars per share) $ 0.32 $ 1.45 $ 2.31 $ 3.59
Weighted average diluted shares outstanding (thousands) (in shares) 159,285 158,935 159,236 158,892