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CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net sales (Note 4) $ 997 $ 745
Cost of goods sold 801 607
Gross profit 196 138
Selling, general and administrative expenses 55 57
Other expense, net (Note 6) 1 16
Interest expense (excludes contractual interest for the three months ended March 31, 2021 of $9 million) (Note 2) 21 16
Non-operating expense (income) 26 (4)
Reorganization items, net (Note 2) 174  
(Loss) income before taxes (81) 53
Tax expense (Note 7) 24 1
Net (loss) income $ (105) $ 52
Earnings (loss) per common share    
Basic $ (1.38) $ 0.69
Diluted $ (1.38) $ 0.68
Weighted average common shares outstanding    
Basic 75,904,898 75,040,932
Diluted 75,904,898 76,261,545