XML 14 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED INCOME STATEMENTS (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Profit or loss [abstract]        
Net sales to third parties $ 1,863 $ 1,819 $ 3,640 $ 3,598
Sales to former parent 0 1 0 2
Other revenues 40 0 87 0
Net sales and other revenues 1,903 1,820 3,727 3,600
Cost of net sales (922) (942) (1,847) (1,855)
Cost of other revenues (34) 0 (81) 0
Gross profit 947 878 1,799 1,745
Selling, general & administration (760) (722) (1,416) (1,375)
Research & development (167) (152) (313) (289)
Other income 6 62 18 81
Other expense (79) (28) (189) (51)
Operating (loss)/income (53) 38 (101) 111
Interest expense (35) (6) (44) (12)
Other financial income & expense (8) (8) (16) (14)
(Loss)/income before taxes (96) 24 (161) 85
Taxes (294) (9) (338) (32)
Net (loss)/income $ (390) $ 15 $ (499) $ 53
(Loss)/earnings per share        
Basic earnings per share (in dollars per share) $ (0.80) $ 0.03 $ (1.02) $ 0.11
Diluted earnings per share (in dollars per share) $ (0.80) $ 0.03 $ (1.02) $ 0.11
Weighted average number of shares outstanding        
Weighted average number of shares outstanding - Basic (in shares) 488.2 488.2 488.2 488.2
Weighted average number of shares outstanding - Diluted (in shares) 488.2 488.2 488.2 488.2