CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net sales	$ 1,470	$ 2,012
Cost of sales	1,061	1,149
Gross margin	409	863
Selling, general and administrative expenses	88	74
U.K. operations restructuring	0	2
Acquisition and integration costs	3	13
Other operating—net	17	(35)
Total other operating costs and expenses	108	54
Equity in earnings of operating affiliate	2	17
Operating earnings	303	826
Interest expense	37	40
Interest income	(30)	(30)
Other non-operating—net	(4)	(3)
Earnings before income taxes	300	819
Income tax provision	62	169
Net earnings	238	650
Less: Net earnings attributable to noncontrolling interest	44	90
Net earnings attributable to common stockholders	$ 194	$ 560
Net earnings per share attributable to common stockholders:
Basic (in dollars per share)	$ 1.03	$ 2.86
Diluted (in dollars per share)	$ 1.03	$ 2.85
Weighted average common shares outstanding:
Basic (in shares)	187.6	196.2
Diluted (in shares)	188.1	196.9
Dividends declared per common share (in dollars per share)	$ 0.50	$ 0.40

This item represents the entity's proportionate share for the period of the net income (loss) of its operating investees (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. Such amount typically reflects adjustments similar to those made in preparing consolidated statements, including adjustments to eliminate intercompany gains and losses, and to amortize, if appropriate, any difference between cost and underlying equity in net assets of the investees at the date of investment.

No definition available.