v3.25.3
CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ 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 (Note 3) $ 902 $ 826 $ 2,693 $ 2,631
Cost of goods sold 716 660 2,147 2,108
Gross profit 186 166 546 523
Selling, general and administrative expenses 57 53 175 178
Other expense, net 1 1 9 5
Interest expense 29 37 83 130
Gain on sale of equity investment 0 0 0 (27)
Non-operating income, net (3) (1) (10) (7)
Income before taxes 102 76 289 244
Tax expense (Note 5) 25 24 63 62
Net income $ 77 $ 52 $ 226 $ 182
Earnings per common share        
Earnings per common share, basic (in USD per share) $ 0.39 $ 0.24 $ 1.12 $ 0.80
Earnings per common share, diluted (in USD per share) $ 0.38 $ 0.24 $ 1.10 $ 0.80
Weighted average common shares outstanding        
Weighted average common shares outstanding, basic (in shares) 198,668,143 217,283,749 202,127,953 226,057,803
Weighted average common shares outstanding, diluted (in shares) 202,194,334 218,403,681 205,130,616 227,649,747