XML 19 R2.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Net revenue [1] $ 5,071 $ 4,988 $ 4,827
Cost of goods sold 3,758 3,711 3,402
Gross profit 1,313 1,277 1,425
Selling, general and administrative expenses 1,002 1,019 932
Operating profit 311 258 493
Other expense, net 147 118 369
Interest expense 63 69 20
Income before taxes 101 71 104
Tax expense (benefit) 64 35 (301)
Net income $ 37 $ 36 $ 405
Weighted Average Number of Common Shares Outstanding (in thousands)      
Basic 125,348 122,722 122,499
Diluted 126,324 123,238 122,624
Earnings Per Share      
Basic $ 0.30 $ 0.29 $ 3.31
Diluted $ 0.29 $ 0.29 $ 3.30
[1] Revenue between geographic areas approximate market and is not significant. Net revenue is classified according to their country of origin. Included in United States net revenue are export sales of $21 million, $27 million and $31 million in 2020, 2019 and 2018, respectively.