v3.25.3
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Statement of Comprehensive Income [Abstract]        
Net sales $ 693 $ 824 $ 2,273 $ 2,429
Cost of sales 364 428 1,164 1,273
Gross profit 329 396 1,109 1,156
Selling, general and administrative 82 85 270 253
Engineering — research and development 43 51 130 146
Operating income 204 260 709 757
Interest expense, net (24) (21) (67) (68)
Other income (expense), net 2 10 15 (2)
Income before income taxes 182 249 657 687
Income tax expense (45) (49) (133) (131)
Net income $ 137 $ 200 $ 524 $ 556
Basic earnings per share attributable to common stockholders $ 1.63 $ 2.3 $ 6.24 $ 6.39
Diluted earnings per share attributable to common stockholders $ 1.63 $ 2.27 $ 6.16 $ 6.32
Comprehensive income, net of tax $ 131 $ 199 $ 532 $ 549