XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Net revenues $ 818 $ 732
Related party net revenues 27 25
Total net revenues 845 757
Cost of sales (677) (565)
Gross profit 168 192
Selling, general and administrative expenses (83) (78)
Other expense, net (5) (3)
Income from operations 80 111
Interest expense, net (12) (12)
Income before income taxes 68 99
Income tax expense (16) (25)
Net income $ 52 $ 74
Earnings per share:    
Basic $ 0.25 $ 0.35
Diluted $ 0.25 $ 0.35
Weighted average shares outstanding:    
Basic 209.8 209.7
Effect of dilutive securities   0.1
Diluted 209.8 209.8