XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 3,389 $ 1,588 $ 6,257 $ 2,636
Cost of sales 1,398 1,085 2,568 1,844
Gross margin 1,991 503 3,689 792
Selling, general and administrative expenses 73 60 137 115
U.K. operations restructuring 162 0 162 0
Other operating—net 6 4 8 2
Total other operating costs and expenses 241 64 307 117
Equity in earnings of operating affiliate 28 11 54 22
Operating earnings 1,778 450 3,436 697
Interest expense 82 46 323 94
Interest income (8) 0 (44) 0
Loss on debt extinguishment 8 0 8 6
Other non-operating—net 0 2 1 2
Earnings before income taxes 1,696 402 3,148 595
Income tax provision (benefit) 357 85 758 103
Net earnings 1,339 317 2,390 492
Less: Net earnings attributable to noncontrolling interest 174 71 342 95
Net earnings attributable to common stockholders $ 1,165 $ 246 $ 2,048 $ 397
Net earnings per share attributable to common stockholders:        
Basic (in dollars per share) $ 5.59 $ 1.14 $ 9.83 $ 1.84
Diluted (in dollars per share) $ 5.58 $ 1.14 $ 9.78 $ 1.83
Weighted average common shares outstanding:        
Basic (in shares) 208.2 215.5 208.4 215.2
Diluted (in shares) 208.9 216.6 209.4 216.3
Dividends declared per common share (in dollars per share) $ 0.40 $ 0.30 $ 0.70 $ 0.60