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In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Net sales | 8,945.0 | 7,106.0 | 8,620.0 | 8,143.0 | 7,209.0 | 5,791.0 | 6,063.0 | 6,654.0 |
Net sales growth | 25.9% | -17.6% | 5.9% | 13.0% | 24.5% | -4.5% | -8.9% | -1.7% |
Costs and expenses | | | | | | | | |
Cost of sales | 8,108.0 | 6,485.0 | 7,489.0 | 6,986.0 | 6,143.0 | 4,991.0 | 5,211.0 | 5,672.0 |
Selling, general and administrative expenses | 460.0 | 421.0 | 508.0 | 499.0 | 508.0 | 401.0 | 391.0 | 411.0 |
Amortization of intangibles | 14.0 | 13.0 | 12.0 | 8.0 | 11.0 | | | |
Restructuring charges, net | | 34.0 | 29.0 | 25.0 | 14.0 | 36.0 | 15.0 | 21.0 |
Other income (expense), net | 32.0 | 22.0 | -25.0 | -29.0 | -16.0 | 22.0 | | |
Earnings before interest and income taxes | 395.0 | 124.0 | 292.0 | 579.0 | 490.0 | 332.0 | 394.0 | 382.0 |
Operating margin | 4.4% | 1.7% | 3.4% | 7.1% | 6.8% | 5.7% | 6.5% | 5.7% |
Loss on extinguishment of debt | -29.0 | -8.0 | -9.0 | | -19.0 | -17.0 | -2.0 | -19.0 |
Interest income | 9.0 | 9.0 | 10.0 | 11.0 | 11.0 | 13.0 | 13.0 | 15.0 |
Interest expense | -131.0 | -138.0 | -122.0 | -96.0 | -102.0 | -113.0 | -113.0 | -118.0 |
Earnings before income taxes | 244.0 | -13.0 | 171.0 | 494.0 | 380.0 | 215.0 | 292.0 | 260.0 |
Income tax expense | 72.0 | 58.0 | -32.0 | 78.0 | 283.0 | -424.0 | 82.0 | -70.0 |
Tax rate | 29.5% | | | 15.8% | 74.5% | | 28.1% | |
Equity in earnings (loss) of affiliates | 28.0 | 20.0 | 30.0 | 24.0 | 19.0 | 14.0 | -34.0 | -13.0 |
Net income | 200.0 | -51.0 | 233.0 | 440.0 | 116.0 | 653.0 | 180.0 | 671.0 |
Less: Noncontrolling interests net income | 14.0 | 10.0 | 13.0 | 13.0 | 10.0 | 13.0 | 21.0 | |
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Less: Redeemable noncontrolling interests net income (loss) | | | | | | | | |
Net income attributable to the parent company | 197.0 | -31.0 | 226.0 | 427.0 | 111.0 | 640.0 | 159.0 | 319.0 |
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Net income per share available to common stockholders | | | | | | | | |
Basic (in dollars per share) | $1.36 | ($0.21) | $1.57 | $2.94 | $0.72 | $4.38 | $1.00 | $1.97 |
Diluted (in dollars per share) | $1.35 | ($0.21) | $1.56 | $2.91 | $0.71 | $4.36 | $0.99 | $1.84 |
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Weighted-average common shares outstanding | | | | | | | | |
Basic (in shares) | 144.8 | 144.5 | 144.0 | 145.0 | 145.1 | 146.0 | 159.0 | 158.0 |
Diluted (in shares) | 146.2 | 144.5 | 145.1 | 146.5 | 146.9 | 146.8 | 160.0 | 173.5 |
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