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CONDENSED CONSOLIDATED RESULTS OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net sales $ 1,766 $ 1,959 $ 3,505 $ 3,678
Manufacturing, shipping and delivery expense (1,390) (1,604) (2,751) (2,980)
Gross profit 376 355 754 698
Selling and administrative expense (139) (146) (279) (288)
Research, development and engineering expense (17) (18) (32) (34)
Interest expense (62) (100) (126) (176)
Interest income 2 3 5 6
Equity earnings 18 19 31 33
Royalties and net technical assistance 5 3 9 8
Other income 4 2 6 4
Other expense (8) (8) (19) (26)
Earnings from continuing operations before income taxes 179 110 349 225
Provision for income taxes (41) (32) (85) (60)
Earnings from continuing operations 138 78 264 165
Earnings (loss) from discontinued operations (1) 2 (2) 1
Net earnings 137 80 262 166
Net earnings attributable to noncontrolling interests (4) (7) (8) (11)
Net earnings attributable to the Company 133 73 254 155
Amounts attributable to the Company:        
Earnings from continuing operations 134 71 256 154
Earnings (loss) from discontinued operations (1) 2 (2) 1
Net earnings attributable to the Company $ 133 $ 73 $ 254 $ 155
Basic earnings per share:        
Earnings from continuing operations (in dollars per share) $ 0.82 $ 0.43 $ 1.56 $ 0.93
Earnings (loss) from discontinued operations (in dollars per share) $ (0.01) $ 0.01 $ (0.02) $ 0.01
Net earnings (in dollars per share) $ 0.81 $ 0.44 $ 1.54 $ 0.94
Weighted average shares outstanding (thousands) (in shares) 164,799 163,633 164,520 163,494
Diluted earnings per share:        
Earnings from continuing operations (in dollars per share) $ 0.81 $ 0.42 $ 1.54 $ 0.92
Earnings (loss) from discontinued operations (in dollars per share) $ (0.01) $ 0.01 $ (0.02) $ 0.01
Net earnings (in dollars per share) $ 0.80 $ 0.43 $ 1.52 $ 0.93
Weighted average diluted shares outstanding (thousands) (in shares) 165,930 166,271 166,062 166,193