v3.25.2
Condensed Consolidated 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 $ 7,940 $ 2,969 $ 15,596 $ 5,899
Cost of goods sold (6,425) (2,276) (12,504) (4,496)
Gross profit 1,515 693 3,092 1,403
Selling, general and administrative expenses (963) (389) (1,936) (769)
Impairment and restructuring costs (280) 0 (295) 0
Transaction and integration-related expenses associated with the Combination (21) (60) (57) (83)
Operating profit 251 244 804 551
Pension and other postretirement non-service income (expense), net 7 (29) 16 (39)
Interest expense, net (182) (33) (349) (58)
Other (expense) income, net (18) 5 (23) 0
Income before income taxes 58 187 448 454
Income tax expense (84) (55) (92) (131)
Net (loss) income (26) 132 356 323
Net income attributable to noncontrolling interests (2) 0 0 0
Net (loss) income attributable to common shareholders $ (28) $ 132 $ 356 $ 323
Basic (loss) earnings per share attributable to common shareholders (in USD per share) $ (0.05) $ 0.51 $ 0.68 $ 1.25
Diluted (loss) earnings per share attributable to common shareholders (in USD per share) $ (0.05) $ 0.51 $ 0.68 $ 1.24