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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Net sales $ 1,659 $ 1,370 $ 5,212 $ 4,412
Cost of sales 1,027 926 3,253 2,880
Gross margin 632 444 1,959 1,532
Selling, general and administrative expenses 88 78 273 242
U.K. operations restructuring 0 0 23 0
Integration costs 0 0 0 4
Other operating—net (30) 4 (8) (18)
Total other operating costs and expenses 58 82 288 228
Equity in earnings of operating affiliate 6 2 12 1
Operating earnings 580 364 1,683 1,305
Interest expense 41 0 114 74
Interest income (23) (32) (57) (90)
Other non-operating—net (3) (4) (11) (8)
Earnings before income taxes 565 400 1,637 1,329
Income tax provision 105 59 334 244
Net earnings 460 341 1,303 1,085
Less: Net earnings attributable to noncontrolling interests 107 65 252 195
Net earnings attributable to common stockholders $ 353 $ 276 $ 1,051 $ 890
Net earnings per share attributable to common stockholders:        
Basic (in dollars per share) $ 2.19 $ 1.55 $ 6.40 $ 4.87
Diluted (in dollars per share) $ 2.19 $ 1.55 $ 6.39 $ 4.86
Weighted average common shares outstanding:        
Basic (in shares) 161.0 178.4 164.2 182.9
Diluted (in shares) 161.2 178.6 164.3 183.1
Dividends declared per common share (in dollars per share) $ 0.50 $ 0.50 $ 1.50 $ 1.50