XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Net sales $ 724 $ 724
Cost of sales (526) (511)
Gross Profit 197 214
Selling, general, and administrative expenses (75) (69)
Other operating credits and charges, net (2) 1
Income from operations 120 145
Non-operating income (expense):    
Interest expense (3) (4)
Investment income 4 6
Other non-operating income (expense) (5) 1
Income before income taxes 116 148
Provision for income taxes (26) (41)
Equity in unconsolidated affiliate 0 1
Net income $ 91 $ 108
Net income per share of common stock:    
Net income per share, basic (in dollars per share) $ 1.30 $ 1.49
Net income per share, diluted (in dollars per share) $ 1.30 $ 1.48
Average shares of common stock used to compute net income per share:    
Basic (in shares) 70 72
Diluted (in shares) 70 72