XML 21 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED RESULTS OF OPERATIONS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CONSOLIDATED RESULTS OF OPERATIONS      
Net sales $ 6,357 $ 6,091 $ 6,691
Revenue, Product and Service [Extensible List] us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Cost of goods sold $ (5,266) $ (5,119) $ (5,483)
Gross profit 1,091 972 1,208
Selling and administrative expense (433) (403) (439)
Research, development and engineering expense (82) (75) (68)
Interest expense, net (216) (265) (311)
Equity earnings 90 37 78
Other income (expense), net (incl. goodwill impairment) (118) 87 (729)
Earnings (loss) from continuing operations before income taxes 332 353 (261)
Provision for income taxes (167) (89) (118)
Earnings (loss) from continuing operations 165 264 (379)
Gain (loss) from discontinued operations 7   (3)
Net earnings (loss) 172 264 (382)
Net earnings attributable to noncontrolling interests (23) (15) (18)
Net earnings (loss) attributable to the Company 149 249 (400)
Amounts attributable to the Company:      
Earnings (loss) from continuing operations 142 249 (397)
Gain (loss) from discontinued operations 7   (3)
Net earnings (loss) $ 149 $ 249 $ (400)
Basic earnings per share:      
Earnings (loss) from continuing operations (in dollars per share) $ 0.90 $ 1.59 $ (2.56)
Gain (loss) from discontinued operations (in dollars per share) 0.05   (0.02)
Net earnings (loss) (in dollars per share) 0.95 1.59 (2.58)
Diluted earnings per share:      
Earnings (loss) from continuing operations (in dollars per share) 0.88 1.57 (2.56)
Gain (loss) from discontinued operations (in dollars per share) 0.05   (0.02)
Net earnings (loss) (in dollars per share) $ 0.93 1.57 (2.58)
Dividends declared per common share   $ 0.05 $ 0.15