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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 1,351 $ 1,294 $ 2,645 $ 2,578
Cost of goods sold 891 904 1,756 1,806
Selling, general and administrative expenses 213 210 420 416
Other operating charges 2 2 63 9
Research and development expenses 18 19 36 38
Amortization of acquired intangibles 22 21 44 46
Income from operations 205 138 326 263
Interest expense, net 50 55 104 103
Other (income) expense, net (1) 9 7 10
Income before income taxes 156 74 215 150
Provision for income taxes 43 13 63 28
Net income 113 61 152 122
Less: Net income (loss) attributable to noncontrolling interests 1 0 (1) 0
Net income attributable to common shareholders $ 112 $ 61 $ 153 $ 122
Basic net income per share (in dollars per share) $ 0.51 $ 0.27 $ 0.70 $ 0.55
Diluted net income per share (in dollars per share) $ 0.51 $ 0.27 $ 0.69 $ 0.55