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Business Segments (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Summary of Financial Information of Company's Reportable Segments | The following table presents results of operations of the Company’s reportable segments (in millions):
|  | United States |  |  | Canada |  |  | International |  |  | Total |
Three months ended March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 474 |  |  | $ | 62 |  |  | $ | 63 |  |  | $ | 599 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of products |  |  | 363 |  |  |  | 46 |  |  |  | 51 |  |  |  | 460 |
Warehousing, selling and administrative expenses |  |  | 89 |  |  |  | 12 |  |  |  | 8 |  |  |  | 109 |
Operating profit |  | $ | 22 |  |  | $ | 4 |  |  | $ | 4 |  |  |  | 30 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  | — |
Income before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 30 |
Three months ended March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 435 |  |  | $ | 66 |  |  | $ | 62 |  |  | $ | 563 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of products |  |  | 334 |  |  |  | 50 |  |  |  | 50 |  |  |  | 434 |
Warehousing, selling and administrative expenses |  |  | 78 |  |  |  | 13 |  |  |  | 10 |  |  |  | 101 |
Operating profit |  | $ | 23 |  |  | $ | 3 |  |  | $ | 2 |  |  |  | 28 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  | 1 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 29 |
The following table presents depreciation and amortization of the Company’s reportable segments (in millions):
| Three months ended March 31, |
| 2025 |  |  | 2024 |
Depreciation and amortization |  |  |  |  |
United States | $ | 10 |  |  | $ | 6 |
Canada |  | 1 |  |  |  | 1 |
International |  | — |  |  |  | — |
Total | $ | 11 |  |  | $ | 7 |
The following table presents property, plant and equipment, net and total assets of the Company’s reportable segments (in millions):
|  | March 31, 2025 |  |  | December 31, 2024 |
Property, plant and equipment, net |  |  |  |  |  |
United States |  | $ | 134 |  |  | $ | 135 |
Canada |  |  | 10 |  |  |  | 11 |
International |  |  | 11 |  |  |  | 11 |
Total |  | $ | 155 |  |  | $ | 157 |
Total assets |  |  |  |  |  |
United States |  | $ | 1,310 |  |  | $ | 1,299 |
Canada |  |  | 177 |  |  |  | 177 |
International |  |  | 164 |  |  |  | 145 |
Total |  | $ | 1,651 |  |  | $ | 1,621 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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