XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Net sales $ 663 $ 722 $ 2,141 $ 2,261
Cost of sales (534) (530) (1,637) (1,591)
Gross Profit 129 193 504 669
Selling, general, and administrative expenses (95) (75) (250) (215)
Other operating credits and charges, net (2) (1) (6) 2
Income from operations 18 116 218 455
Loss on impairment 13 0 31 0
Non-operating income (expense):        
Interest expense (4) (4) (11) (12)
Investment income 5 6 12 17
Other non-operating income (expense) (1) (4) (13) 2
Income before income taxes 18 113 207 462
Provision for income taxes (9) (23) (54) (117)
Equity in unconsolidated affiliate 0 0 1 12
Net income $ 9 $ 90 $ 154 $ 358
Net income per share of common stock:        
Net income per share, basic (in dollars per share) $ 0.13 $ 1.28 $ 2.20 $ 5.01
Net income per share, diluted (in dollars per share) $ 0.13 $ 1.28 $ 2.20 $ 5.00
Average shares of common stock used to compute net income per share:        
Basic (in shares) 70 70 70 71
Diluted (in shares) 70 71 70 72