Consolidated Statement Of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions |
3 Months Ended | |
|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
|
| Net sales | $ 2,138 | $ 1,701 |
| Costs and expenses | ||
| Cost of sales | 1,831 | 1,437 |
| Selling, general and administrative expenses | 130 | 120 |
| Amortization of intangibles | 2 | 2 |
| Restructuring charges, net | 1 | 2 |
| Other expense, net | (11) | |
| Earnings before interest and income taxes | 174 | 129 |
| Interest income | 3 | 3 |
| Interest expense | 24 | 27 |
| Earnings before income taxes | 153 | 105 |
| Income tax expense | 48 | 30 |
| Equity in earnings of affiliates | 6 | 5 |
| Net income | 111 | 80 |
| Less: Noncontrolling interests net income | 2 | 5 |
| Less: Redeemable noncontrolling interests net income | 1 | |
| Net income attributable to the parent company | $ 108 | $ 75 |
| Net income per share available to common stockholders | ||
| Basic | $ 0.74 | $ 0.52 |
| Diluted | $ 0.73 | $ 0.51 |
| Weighted-average common shares outstanding - Basic | 145.6 | 144.6 |
| Weighted-average common shares outstanding - Diluted | 147.5 | 145.9 |
| Cash dividends declared per share | $ 0.10 | $ 0.06 |