Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2015

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