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Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Net sales $ 1,917 $ 1,897 $ 5,633 $ 5,960
Costs and expenses        
Cost of sales 1,751 1,775 5,211 5,609
Selling, general and administrative expenses 87 106 291 328
Amortization of intangibles 2 2 6 6
Restructuring charges, net 4 20 17 36
Gain (loss) on disposal group previously held for sale 4 (26)
Other income (expense), net (20) (6) (31) (14)
Earnings (loss) from continuing operations before interest and income taxes 53 (8) 77 (59)
Interest income 3 5 8 9
Interest expense 47 38 130 117
Equity in earnings of affiliates 2 2 27 7
Net income from discontinued operations 74 32 164 174
Net income (loss) 87 11 148 27
Less: Noncontrolling interests net income from continuing operations 4 7 13 17
Less: Redeemable noncontrolling interests net loss from continuing operations (13)
Net income attributable to the parent company 83 4 135 23
Income (loss) from continuing operations before income taxes 9 (41) (45) (167)
Income tax benefit (2) (18) (2) (13)
Net income (loss) from continuing operations $ 13 $ (21) $ (16) $ (147)
Net income per share available to common stockholders        
Basic earnings per share from discontinued operations (in dollars per share) $ 0.58 $ 0.22 $ 1.18 $ 1.2
Basic earnings per share (in dollars per share) 0.65 0.03 0.97 0.16
Diluted earnings per share from discontinued operations (in dollars per share) 0.57 0.22 1.18 1.2
Diluted earnings per share (in dollars per share) 0.64 0.03 0.97 0.16
Basic earnings (loss) per share from continuing operations (in dollars per share) 0.07 (0.19) (0.21) (1.04)
Diluted earnings (loss) per share from continuing operations (in dollars per share) $ 0.07 $ (0.19) $ (0.21) $ (1.04)
Weighted-average common shares outstanding        
Basic (in shares) 128.4 145.0 139.2 144.9
Diluted (in shares) 130.8 145.0 139.2 144.9