v3.26.1
CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Net sales (Note 3) $ 976 $ 913 $ 1,961 $ 1,791
Cost of goods sold 764 732 1,553 1,431
Gross profit 212 181 408 360
Selling, general and administrative expenses 63 59 121 118
Other expense, net 1 1 2 8
Interest expense 24 25 51 54
Non-operating income, net (2) (6) (10) (7)
Income before taxes 126 102 244 187
Tax expense (Note 5) 25 15 48 38
Net income $ 101 $ 87 $ 196 $ 149
Earnings per common share (Note 19)        
Earnings per common share, basic (in USD per share) $ 0.54 $ 0.43 $ 1.04 $ 0.73
Earnings per common share, diluted (in USD per share) $ 0.53 $ 0.42 $ 1.02 $ 0.72
Weighted average common shares outstanding        
Weighted average common shares outstanding, basic (in shares) 187,252,451 202,672,945 188,244,787 203,886,530
Weighted average common shares outstanding, diluted (in shares) 190,594,777 205,255,033 191,970,322 206,433,975