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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net revenues $ 732 $ 691
Related party net revenues 25 39
Total net revenues 757 730
Cost of sales (565) (541)
Gross profit 192 189
Selling, general and administrative expenses (78) (82)
Other expense, net (3) (15)
Income from operations 111 92
Interest expense, net (12) (27)
Income before income taxes 99 65
Income tax expense (25) (39)
Net income $ 74 $ 26
Earnings per share:    
Basic $ 0.35 $ 0.14
Diluted $ 0.35 $ 0.14
Weighted average shares outstanding:    
Basic 209.7 188.8
Effect of dilutive securities 0.1 0.2
Diluted 209.8 189.0