XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 2,321 $ 1,362 $ 8,578 $ 3,998
Cost of sales 1,405 922 3,973 2,766
Gross margin 916 440 4,605 1,232
Selling, general and administrative expenses 66 52 203 167
U.K. goodwill impairment 0 259 0 259
U.K. long-lived and intangible asset impairment 87 236 239 236
U.K. operations restructuring 8 0 18 0
Other operating—net 25 5 33 7
Total other operating costs and expenses 186 552 493 669
Equity in earnings of operating affiliate 20 15 74 37
Operating earnings (loss) 750 (97) 4,186 600
Interest expense 46 46 369 140
Interest income (12) 0 (56) 0
Loss on debt extinguishment 0 13 8 19
Other non-operating—net 23 (19) 24 (17)
Earnings (loss) before income taxes 693 (137) 3,841 458
Income tax provision (benefit) 155 (46) 913 57
Net earnings (loss) 538 (91) 2,928 401
Less: Net earnings attributable to noncontrolling interest 100 94 442 189
Net earnings (loss) attributable to common stockholders $ 438 $ (185) $ 2,486 $ 212
Net earnings per share attributable to common stockholders:        
Basic (in dollars per share) $ 2.19 $ (0.86) $ 12.09 $ 0.99
Diluted (in dollars per share) $ 2.18 $ (0.86) $ 12.04 $ 0.98
Weighted average common shares outstanding:        
Basic (in shares) 200.2 214.9 205.6 215.3
Diluted (in shares) 200.9 214.9 206.5 216.4
Dividends declared per common share (in dollars per share) $ 0.40 $ 0.30 $ 1.10 $ 0.90