v3.26.3
CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
Net sales (Note 3) $ 930 $ 902 $ 2,891 $ 2,693
Cost of goods sold 724 716 2,277 2,147
Gross profit 206 186 614 546
Selling, general and administrative expenses 58 57 179 175
Other expense, net 1 1 3 9
Interest expense 27 29 78 83
Non-operating expense (income) 1 (3) (9) (10)
Income before taxes 119 102 363 289
Tax expense (Note 5) 22 25 70 63
Net income $ 97 $ 77 $ 293 $ 226
Earnings per common share (Note 19)        
Earnings per common share, basic (in USD per share) $ 0.52 $ 0.39 $ 1.56 $ 1.12
Earnings per common share, diluted (in USD per share) $ 0.51 $ 0.38 $ 1.53 $ 1.10
Weighted average common shares outstanding        
Weighted average common shares outstanding, basic (in shares) 185,269,660 198,668,143 187,242,180 202,127,953
Weighted average common shares outstanding, diluted (in shares) 189,054,351 202,194,334 191,281,264 205,130,616