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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net revenues $ 958 $ 1,118 $ 2,705 $ 3,107
Cost of revenues 736 885 2,147 2,503
Gross profit 222 233 558 604
Selling, general, and administrative expenses 171 208 506 490
Impairment of goodwill (11) 12 197 12
Operating income (loss) 62 13 (145) 102
Interest expense, net 13 7 41 20
Investment income and other, net (6) (8) (20) (11)
Other (income) expense, net 7 (1) 21 9
Income (loss) before income tax provision 55 14 (166) 93
Income tax provision (benefit) 28 2 (35) 7
Net income (loss) $ 27 12 $ (131) 86
Net income (loss) per common share:        
Basic $ 0.14   $ (0.77)  
Diluted $ 0.13   $ (0.77)  
Weighted average shares outstanding:        
Basic 169,387,541   169,501,289  
Diluted 182,033,170   169,501,289  
Pro Forma [Member]        
Income (loss) before income tax provision   14   93
Income tax provision (benefit)   4   27
Net income (loss)   $ 10   $ 66