CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended	6 Months Ended
Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Net sales	$ 1,572	$ 1,775	$ 3,042	$ 3,787
Cost of sales	893	971	1,954	2,120
Gross margin	679	804	1,088	1,667
Selling, general and administrative expenses	76	71	164	145
U.K. operations restructuring	0	0	0	2
Acquisition and integration costs	1	3	4	16
Other operating—net	(39)	3	(22)	(32)
Total other operating costs and expenses	38	77	146	131
Equity in (losses) earnings of operating affiliate	(3)	7	(1)	24
Operating earnings	638	734	941	1,560
Interest expense	37	36	74	76
Interest income	(28)	(40)	(58)	(70)
Other non-operating—net	0	(2)	(4)	(5)
Earnings before income taxes	629	740	929	1,559
Income tax provision	123	134	185	303
Net earnings	506	606	744	1,256
Less: Net earnings attributable to noncontrolling interest	86	79	130	169
Net earnings attributable to common stockholders	$ 420	$ 527	$ 614	$ 1,087
Net earnings per share attributable to common stockholders:
Basic (in dollars per share)	$ 2.30	$ 2.71	$ 3.31	$ 5.56
Diluted (in dollars per share)	$ 2.30	$ 2.70	$ 3.31	$ 5.55
Weighted average common shares outstanding:
Basic (in shares)	182.7	194.6	185.1	195.4
Diluted (in shares)	182.8	195.0	185.5	195.9
Dividends declared per common share (in dollars per share)	$ 0.50	$ 0.40	$ 1.00	$ 0.80

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.