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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Comprehensive Income [Abstract]      
Net sales $ 2,769 $ 2,402 $ 2,081
Cost of sales 1,472 1,257 1,083
Gross profit 1,297 1,145 998
Selling, general and administrative 328 305 317
Engineering — research and development 185 171 147
Operating income 784 669 534
Interest expense, net (118) (116) (137)
Other (expense) income, net (21) 19 (4)
Income before income taxes 645 572 393
Income tax expense (114) (130) (94)
Net income $ 531 $ 442 $ 299
Basic earnings per share attributable to common stockholders $ 5.53 $ 4.13 $ 2.62
Diluted earnings per share attributable to common stockholders $ 5.53 $ 4.13 $ 2.62
Other comprehensive income (loss), net of tax:      
Interest rate swaps $ 39 $ 22 $ (20)
Pension and OPEB liability adjustment 22 2 (27)
Foreign currency translation (10) (8) 10
Net current period other comprehensive (loss) income 51 16 (37)
Comprehensive income, net of tax $ 582 $ 458 $ 262