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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Sales and other operating revenues:    
Trade $ 7,303 $ 8,565
Related parties 191 213
Sales revenue, net 7,494 8,778
Operating costs and expenses:    
Cost of sales 6,868 7,446
Selling, general and administrative expenses 295 287
Research and development expenses 27 28
Costs and expenses 7,190 7,761
Operating income 304 1,017
Interest expense (89) (92)
Interest income 3 6
Other income, net 0 25
Income from continuing operations before equity investments and income taxes 218 956
Income from equity investments 0 64
Income from continuing operations before income taxes 218 1,020
Provision for income taxes 75 203
Income from continuing operations 143 817
Income from discontinued operations, net of tax 1 0
Net income 144 817
Dividends on redeemable non-controlling interests (2) (2)
Net income attributable to the Company shareholders $ 142 $ 815
Net income attributable to the Company shareholders - Basic:    
Continuing operations (in dollars per share) $ 0.42 $ 2.19
Discontinued operations (in dollars per share) 0 0
Basic (in dollars per share) 0.42 2.19
Net income attributable to the Company shareholders - Diluted:    
Continuing operations (in dollars per share) 0.42 2.19
Discontinued operations (in dollars per share) 0 0
Diluted (in dollars per share) $ 0.42 $ 2.19