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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net revenues $ 797 $ 705 $ 2,286 $ 2,083
Related party net revenues 26 36 89 114
Total net revenues 823 741 2,375 2,197
Cost of sales (558) (524) (1,669) (1,580)
Gross profit 265 217 706 617
Selling, general and administrative expenses (97) (76) (260) (231)
Other expense, net (5) (20) (26) (34)
Income from operations 163 121 420 352
Non-operating income, net   1   1
Interest expense, net (13) (39) (57) (174)
Income before income taxes 150 83 363 179
Income tax expense (37) (20) (112) (44)
Net income $ 113 $ 63 $ 251 $ 135
Earnings per share:        
Basic $ 0.54 $ 0.41 $ 1.24 $ 0.87
Diluted $ 0.54 $ 0.41 $ 1.24 $ 0.87
Weighted average shares outstanding:        
Basic 209.7 155.5 202.7 155.5
Effect of dilutive securities 0.1   0.1  
Diluted 209.8 155.5 202.8 155.5