XML 24 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Net sales $ 2,388 $ 2,288
Cost of products sold 1,648 1,557
Gross profit 740 731
Selling, general and administrative expenses 518 534
Restructuring costs, net 5 5
Operating income 217 192
Non-operating expenses:    
Interest expense, net 59 67
Other income, net (124) (1)
Income before income taxes 282 126
Income tax provision 48 37
Net income $ 234 $ 89
Weighted average common shares outstanding:    
Basic (in shares) 421.9 424.9
Diluted (in shares) 424.7 427.6
Earnings per share:    
Basic (in USD per share) $ 0.55 $ 0.21
Diluted (in USD per share) $ 0.55 $ 0.21