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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Net sales $ 10,390 $ 10,475 $ 8,842
Type of Revenue [Extensible List] us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Cost of sales $ (8,463) $ (8,654) $ (7,446)
Type of Cost, Good or Service [Extensible List] us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Gross profit $ 1,927 $ 1,822 $ 1,396
Selling, general and administrative expenses (530) (500) (440)
Research, development and engineering expenses, net (398) (425) (390)
Amortization of intangibles (2) (2) (3)
Other income (expense), net (19) (207) 93
Operating income 979 690 659
Income from equity method investment 7 5 3
Interest income 13 13 6
Interest expense (108) (93) (60)
Other non-operating items, net (16) (3) (5)
Income before income taxes 875 612 603
Income tax expense (227) (123) (178)
Net income 648 489 425
Less: Net income attributable to non-controlling interest 1 1 2
Net income attributable to controlling interest $ 646 $ 488 $ 423
Earnings per share - basic $ 8.06 $ 5.74 $ 4.86
Earnings per share - diluted $ 8.04 $ 5.72 $ 4.85
Weighted average number of shares outstanding, net of treasury shares (in millions) 80.2 85.0 87.1
Weighted average number of shares outstanding, assuming dilution and net of treasury shares (in millions) 80.4 85.2 87.2
Cash dividend per share - declared $ 2.74 $ 2.66 $ 2.58
Cash dividend per share - paid $ 2.74 $ 2.66 $ 2.58