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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net revenues $ 847 $ 798 $ 1,579 $ 1,489
Related party net revenues 26 24 50 63
Total net revenues 873 822 1,629 1,552
Cost of sales (665) (570) (1,229) (1,111)
Gross profit 208 252 400 441
Selling, general and administrative expenses (89) (81) (167) (163)
Other expense, net (2) (6) (5) (21)
Income from operations 117 165 228 257
Interest expense, net (12) (17) (24) (44)
Income before income taxes 105 148 204 213
Income tax expense (25) (36) (50) (75)
Net income $ 80 $ 112 $ 154 $ 138
Earnings per share:        
Basic $ 0.38 $ 0.53 $ 0.73 $ 0.69
Diluted $ 0.38 $ 0.53 $ 0.73 $ 0.69
Weighted average shares outstanding:        
Basic 209.8 209.7 209.7 199.2
Effect of dilutive securities 0.1 0.1 0.1  
Diluted 209.9 209.8 209.8 199.2