Financial Summary (All financials)
| 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 |
| Revenues | 2,212 | 1,938 | 2,130 | 2,265 | 2,209 | 2,139 | 2,162 | 1,549 |
| Revenue growth | 14.1% | -9.0% | -6.0% | 2.5% | 3.3% | -1.1% | 39.6% | |
| Cost of goods sold | 2,020 | 1,778 | 1,892 | 1,550 | 1,744 | 1,989 | 2,046 | 1,483 |
| Gross profit | 192 | 160 | 238 | 715 | 465 | 150 | 116 | 66 |
| Gross margin | 8.7% | 8.3% | 11.2% | 31.6% | 21.1% | 7.0% | 5.4% | 4.3% |
| Selling, general and administrative | 155 | 156 | 182 | 212 | 216 | 221 | 263 | 182 |
| EBITA | 16 | -6 | 50 | 500 | 190 | -57 | -365 | -183 |
| EBITA margin | 0.7% | -0.3% | 2.3% | 22.1% | 8.6% | -2.7% | -16.9% | -11.8% |
| Amortization of intangibles | 6 | 4 | 4 | 3 | 3 | 4 | 1 | 3 |
| EBIT | 10 | -10 | 46 | 497 | 187 | -61 | -366 | -186 |
| EBIT margin | 0.5% | -0.5% | 2.2% | 21.9% | 8.5% | -2.9% | -16.9% | -12.0% |
| Pre-tax income | -105 | -93 | -20 | -165 | 186 | -108 | -396 | -189 |
| Income taxes | -31 | 12 | 150 | -8 | 50 | -23 | -34 | -18 |
| Tax rate | 29.5% | | | 4.8% | 26.9% | 21.3% | 8.6% | 9.5% |
| Earnings from continuing ops | -77 | -112 | -175 | -163 | 126 | -95 | -369 | -173 |
| Earnings from discontinued ops | | | | | 8 | 8 | 10 | 9 |
| Net income | -77 | -112 | -175 | -163 | 134 | -87 | -359 | -164 |
| Net margin | -3.5% | -5.8% | -8.2% | -7.2% | 6.1% | -4.1% | -16.6% | -10.6% |
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| Diluted EPS | ($0.72) | ($1.05) | ($1.64) | ($1.53) | $1.18 | ($0.89) | ($3.47) | ($1.63) |
| Shares outstanding (diluted) | 107 | 107 | 107 | 107 | 107 | 106 | 106 | 106 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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