XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - 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 $ 2,787 $ 2,699 $ 7,784 $ 6,696
Cost of products sold 1,939 1,785 5,323 4,501
Gross profit 848 914 2,461 2,195
Selling, general and administrative expenses 561 545 1,667 1,581
Restructuring costs, net 6 4 16 14
Impairment of goodwill, intangibles and other assets 0 2 0 1,482
Operating income (loss) 281 363 778 (882)
Non-operating expenses:        
Interest expense, net 65 71 197 205
Other (income) expense, net 1 9 (3) 20
Income (loss) before income taxes 215 283 584 (1,107)
Income tax provision (benefit) 25 (21) 108 (210)
Net income (loss) $ 190 $ 304 $ 476 $ (897)
Weighted average common shares outstanding:        
Basic (in shares) 425.4 424.3 425.2 424.1
Diluted (in shares) 428.5 425.4 427.9 424.1
Earnings (loss) per share:        
Basic (in USD per share) $ 0.45 $ 0.72 $ 1.12 $ (2.12)
Diluted (in USD per share) $ 0.44 $ 0.71 $ 1.11 $ (2.12)