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CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
CONSOLIDATED RESULTS OF OPERATIONS        
Net sales $ 1,670 $ 1,734 $ 5,063 $ 5,242
Revenue, Product and Service [Extensible List] Net sales Net sales Net sales Net sales
Cost of goods sold $ (1,371) $ (1,410) $ (4,131) $ (4,253)
Gross profit 299 324 932 989
Selling and administrative expense (108) (115) (339) (367)
Research, development and engineering expense (16) (17) (50) (50)
Interest expense, net (83) (63) (215) (199)
Equity earnings 17 19 55 57
Other income (expense), net (incl. goodwill impairment) (645) 20 (709) (49)
Earnings (loss) from continuing operations before income taxes (536) 168 (326) 381
Provision for income taxes (31) (41) (86) (95)
Earnings (loss) from continuing operations (567) 127 (412) 286
Loss from discontinued operations     (1) (1)
Net earnings (loss) (567) 127 (413) 285
Net earnings attributable to noncontrolling interests (8) (7) (17) (18)
Net earnings (loss) attributable to the Company (575) 120 (430) 267
Amounts attributable to the Company:        
Earnings (loss) from continuing operations (575) 120 (429) 268
Loss from discontinued operations     (1) (1)
Net earnings (loss) attributable to the Company $ (575) $ 120 $ (430) $ 267
Basic earnings per share:        
Earnings (loss) from continuing operations (in dollars per share) $ (3.69) $ 0.75 $ (2.77) $ 1.67
Loss from discontinued operations (in dollars per share)     (0.01) (0.01)
Net earnings (loss) (in dollars per share) $ (3.69) $ 0.75 $ (2.78) $ 1.66
Weighted average shares outstanding (thousands) (in shares) 155,536 159,032 155,083 160,936
Diluted earnings per share:        
Earnings (loss) from continuing operations (in dollars per share) $ (3.69) $ 0.75 $ (2.77) $ 1.65
Loss from discontinued operations (in dollars per share)     (0.01) (0.01)
Net earnings (loss) (in dollars per share) $ (3.69) $ 0.75 $ (2.78) $ 1.64
Weighted average diluted shares outstanding (thousands) (in shares) 155,536 161,035 155,083 162,977