v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ 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 $ 912 $ 908 $ 2,730 $ 2,594
Cost of sales 708 708 2,122 2,025
Gross profit 204 200 608 569
Selling, general and administrative expenses 111 105 354 324
Restructuring expense 5 4 16 11
Other operating expense, net 4 57 5 49
Operating income 84 34 233 185
Equity in affiliates’ earnings, net of tax (4) (3) (13) (11)
Interest income (2) (3) (6) (11)
Interest expense 21 20 62 60
Other postretirement (income) expense, net (1) 1 (4) 3
Earnings before income taxes 70 19 194 144
Provision for income taxes 3 6 50 59
Net earnings $ 67 $ 13 $ 144 $ 85
Earnings per share — basic (in dollars per share) $ 1.84 $ 0.34 $ 3.89 $ 2.15
Earnings per share— diluted (in dollars per share) $ 1.80 $ 0.33 $ 3.79 $ 2.10
Weighted average shares outstanding:        
Basic (in shares) 36.3 38.7 37.1 39.6
Diluted (in shares) 37.1 39.6 38.0 40.4