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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Total net revenues $ 833 $ 874
Cost of sales (632) (719)
Gross profit 201 155
Selling, general and administrative expenses (111) (105)
Other income, net 0 2
Income from operations 90 52
Interest expense, net (25) (29)
Income before income taxes 65 23
Income tax expense (16) (6)
Net income $ 49 $ 17
Earnings per share:    
Basic (in USD per share) $ 0.23 $ 0.08
Diluted (in USD per share) $ 0.23 $ 0.08
Weighted average shares outstanding:    
Basic (in shares) 210.1 209.9
Effect of dilutive securities (in shares) 0.0 0.0
Diluted (in shares) 210.1 209.9
Net revenues    
Net revenues $ 811 $ 852
Related party net revenues    
Net revenues $ 22 $ 22