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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract] |
Summarized Quarterly Result | Summarized quarterly results, were as follows (in millions, except per share data):
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Year ended December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 863 |  |  | $ | 750 |  |  | $ | 753 |  |  | $ | 644 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of products |  |  | 708 |  |  |  | 626 |  |  |  | 636 |  |  |  | 538 |
Warehousing, selling and administrative |  |  | 163 |  |  |  | 151 |  |  |  | 153 |  |  |  | 152 |
Impairment of goodwill |  |  | — |  |  |  | — |  |  |  | 255 |  |  |  | 138 |
Operating loss |  |  | (8 | ) |  |  | (27 | ) |  |  | (291 | ) |  |  | (184 | )
Other expense |  |  | (4 | ) |  |  | (2 | ) |  |  | — |  |  |  | (2 | )
Loss before income taxes |  |  | (12 | ) |  |  | (29 | ) |  |  | (291 | ) |  |  | (186 | )
Income tax provision (benefit) |  |  | (2 | ) |  |  | (10 | ) |  |  | (67 | ) |  |  | 63 |
Net loss |  | $ | (10 | ) |  | $ | (19 | ) |  | $ | (224 | ) |  | $ | (249 | )
Loss per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic loss per common share |  | $ | (0.09 | ) |  | $ | (0.18 | ) |  | $ | (2.09 | ) |  | $ | (2.33 | )
Diluted loss per common share |  | $ | (0.09 | ) |  | $ | (0.18 | ) |  | $ | (2.09 | ) |  | $ | (2.33 | )
Weighted-average common shares outstanding, basic |  |  | 107 |  |  |  | 107 |  |  |  | 107 |  |  |  | 107 |
Weighted-average common shares outstanding, diluted |  |  | 107 |  |  |  | 107 |  |  |  | 107 |  |  |  | 107 |
Year ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 1,077 |  |  | $ | 952 |  |  | $ | 1,070 |  |  | $ | 1,006 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of products |  |  | 869 |  |  |  | 759 |  |  |  | 857 |  |  |  | 801 |
Warehousing, selling and administrative |  |  | 146 |  |  |  | 150 |  |  |  | 163 |  |  |  | 179 |
Impairment of goodwill |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Operating profit |  |  | 62 |  |  |  | 43 |  |  |  | 50 |  |  |  | 26 |
Other expense |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | (2 | )
Income before income taxes |  |  | 62 |  |  |  | 43 |  |  |  | 49 |  |  |  | 24 |
Income tax provision |  |  | 21 |  |  |  | 16 |  |  |  | 17 |  |  |  | 8 |
Net income |  | $ | 41 |  |  | $ | 27 |  |  | $ | 32 |  |  | $ | 16 |
Earnings per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per common share |  | $ | 0.38 |  |  | $ | 0.25 |  |  | $ | 0.30 |  |  | $ | 0.15 |
Diluted earnings per common share |  | $ | 0.38 |  |  | $ | 0.25 |  |  | $ | 0.30 |  |  | $ | 0.14 |
Weighted-average common shares outstanding, basic |  |  | 107 |  |  |  | 107 |  |  |  | 107 |  |  |  | 107 |
Weighted-average common shares outstanding, diluted |  |  | 107 |  |  |  | 108 |  |  |  | 108 |  |  |  | 108 |

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 + Details
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