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CONDENSED CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 1,729 $ 1,890 $ 3,322 $ 3,721
Revenue, Product and Service [Extensible Enumeration] us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Cost of goods sold $ (1,426) $ (1,474) $ (2,701) $ (2,821)
Gross profit 303 416 621 900
Selling and administrative expense (110) (143) (233) (290)
Research, development and engineering expense (20) (22) (42) (41)
Interest expense, net (87) (118) (165) (186)
Equity earnings 30 30 55 60
Other expense, net (12) (9) (15) (19)
Earnings before income taxes 104 154 221 424
Provision for income taxes (42) (41) (83) (101)
Net earnings 62 113 138 323
Net earnings attributable to non-controlling interests (5) (3) (9) (7)
Net earnings attributable to the Company $ 57 $ 110 $ 129 $ 316
Basic earnings per share:        
Net earnings attributable to the Company (in dollars per share) $ 0.37 $ 0.71 $ 0.83 $ 2.04
Weighted average shares outstanding (thousands) (in shares) 155,280 154,989 154,777 154,843
Diluted earnings per share:        
Net earnings attributable to the Company (in dollars per share) $ 0.36 $ 0.69 $ 0.81 $ 1.98
Weighted average diluted shares outstanding (thousands) (in shares) 157,382 159,328 157,925 159,212