v3.25.2
CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net sales (Note 3) $ 913 $ 890 $ 1,791 $ 1,805
Cost of goods sold 732 705 1,431 1,448
Gross profit 181 185 360 357
Selling, general and administrative expenses 59 61 118 125
Other expense, net 1 3 8 4
Interest expense 25 62 54 93
Gain on sale of equity investment 0 (27) 0 (27)
Non-operating income, net (6) (1) (7) (6)
Income before taxes 102 87 187 168
Tax expense (Note 5) 15 23 38 38
Net income $ 87 $ 64 $ 149 $ 130
Earnings per common share        
Earnings per common share, basic (in USD per share) $ 0.43 $ 0.29 $ 0.73 $ 0.56
Earnings per common share, diluted (in USD per share) $ 0.42 $ 0.28 $ 0.72 $ 0.56
Weighted average common shares outstanding        
Weighted average common shares outstanding, basic (in shares) 202,672,945 224,321,948 203,886,530 230,493,039
Weighted average common shares outstanding, diluted (in shares) 205,255,033 225,898,814 206,433,975 232,455,083