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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 1,362.0 $ 847.0 $ 3,998.0 $ 3,022.0
Cost of sales 922.0 764.0 2,766.0 2,401.0
Gross margin 440.0 83.0 1,232.0 621.0
Selling, general and administrative expenses 52.0 49.0 167.0 154.0
Goodwill impairment 259.0 0.0 259.0 0.0
Long-lived and intangible asset impairment 236.0 0.0 236.0 0.0
Other operating—net 5.0 (4.0) 7.0 8.0
Total other operating costs and expenses 552.0 45.0 669.0 162.0
Equity in earnings of operating affiliate 15.0 2.0 37.0 8.0
Operating (loss) earnings (97.0) 40.0 600.0 467.0
Interest expense 46.0 48.0 140.0 141.0
Interest income 0.0 0.0 0.0 (18.0)
Loss on debt extinguishment 13.0 0.0 19.0 0.0
Other non-operating—net (19.0) 1.0 (17.0) (2.0)
(Loss) earnings before income taxes (137.0) (9.0) 458.0 346.0
Income tax provision (benefit) (46.0) (13.0) 57.0 33.0
Net (loss) earnings (91.0) 4.0 401.0 313.0
Less: Net earnings attributable to noncontrolling interest 94.0 32.0 189.0 83.0
Net (loss) earnings attributable to common stockholders $ (185.0) $ (28.0) $ 212.0 $ 230.0
Net earnings per share attributable to common stockholders:        
Basic (in dollars per share) $ (0.86) $ (0.13) $ 0.99 $ 1.07
Diluted (in dollars per share) $ (0.86) $ (0.13) $ 0.98 $ 1.07
Weighted average common shares outstanding:        
Basic (in shares) 214.9 213.9 215.3 215.0
Diluted (in shares) 214.9 213.9 216.4 215.3
Dividends declared per common share (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.90