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CONSOLIDATED AND COMBINED INTERIM STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales (Note 4) $ 781 $ 784 $ 2,418 $ 2,576
Cost of goods sold 609 606 1,868 1,972
Gross profit 172 178 550 604
Selling, general and administrative expenses 68 60 186 186
Other expense, net (Note 6) 18 51 54 132
Interest expense 18 1 52 3
Non-operating expense (income) (4) (7) 2 (10)
Income before taxes 72 73 256 293
Tax expense (benefit) (Note 7) 34 (856) 79 (844)
Net income $ 38 $ 929 $ 177 $ 1,137
Earnings per common share (Note 16)        
Basic $ 0.51 $ 12.54 $ 2.37 $ 15.35
Diluted $ 0.50 $ 12.54 $ 2.34 $ 15.35
Weighted average common shares outstanding (Note 16)        
Basic 74,753,593 74,070,852 74,528,740 74,070,852
Diluted 75,704,457 74,070,852 75,700,652 74,070,852