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CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales (Note 3) $ 477 $ 802 $ 1,222 $ 1,637
Cost of goods sold 393 620 996 1,259
Gross profit 84 182 226 378
Selling, general and administrative expenses 51 58 112 118
Other expense, net (Note 5) 15 17 31 36
Interest expense 20 18 36 34
Non-operating (income) expense (4) 2 (8) 6
Income before taxes 2 87 55 184
Tax expense (Note 6) 11 21 12 45
Net (loss) income $ (9) $ 66 $ 43 $ 139
Earnings (loss) per common share        
Basic $ (0.12) $ 0.88 $ 0.57 $ 1.87
Diluted $ (0.12) $ 0.86 $ 0.57 $ 1.83
Weighted average common shares outstanding        
Basic 75,595,991 74,591,478 75,316,827 74,414,450
Diluted 75,845,511 76,900,544 75,837,459 76,129,821