XML 33 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Net revenues $ 691 $ 625
Related party net revenues 39 40
Total net revenues 730 665
Cost of sales (541) (492)
Gross profit 189 173
Selling, general and administrative expenses (82) (78)
Other expense, net (15) (5)
Income from operations 92 90
Interest expense, net (27) (68)
Income before income taxes 65 22
Income tax expense (39) (5)
Net income $ 26 $ 17
Earnings per share:    
Basic $ 0.14 $ 0.11
Diluted $ 0.14 $ 0.11
Weighted average shares outstanding:    
Basic 188.8 155.5
Effect of dilutive securities 0.2  
Diluted 189.0 155.5