XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net revenues $ 1,771 $ 1,649 $ 3,385 $ 3,120
Cost of revenues 1,275 1,214 2,464 2,309
Gross profit 496 435 921 811
Selling, general, and administrative expenses 389 376 741 759
Operating income 107 59 180 52
Interest expense, net 38 28 75 55
Loss on extinguishment of debt, net     3  
Non-service pension benefit (3) (11) (6) (22)
Investment income and other, net (3) (2) (5) (2)
Other expense, net 32 15 67 31
Income before income taxes 75 44 113 21
Income tax provision (benefit) 27 14 39 (2)
Net income 48 30 74 23
Net income attributable to common shareholders:        
Stock dividend on Series B Preferred Stock (11) (11) (22) (22)
Net income attributable to common shareholders $ 37 $ 19 $ 52 $ 1
Net income per common share:        
Basic $ 0.12 $ 0.06 $ 0.17 $ 0.01
Diluted $ 0.12 $ 0.06 $ 0.17 $ 0.01
Weighted average shares outstanding:        
Basic 235,182,839 233,104,873 234,784,799 232,670,986
Diluted 269,561,690 265,922,670 268,366,982 265,558,849