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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Statement of Comprehensive Income [Abstract]    
Net sales $ 789 $ 741
Cost of sales 423 380
Gross profit 366 361
Selling, general and administrative 86 87
Engineering — research and development 46 44
Operating income 234 230
Interest expense, net (25) (28)
Other (expense) income, net (5) 10
Income before income taxes 204 212
Income tax expense (35) (42)
Net income $ 169 $ 170
Basic earnings per share attributable to common stockholders $ 1.92 $ 1.85
Diluted earnings per share attributable to common stockholders $ 1.9 $ 1.85
Comprehensive income, net of tax $ 163 $ 167