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CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Profit or loss [abstract]      
Net sales to third parties $ 7,362 $ 7,149 $ 6,785
Sales to former parent 0 4 4
Other revenues 146 0 3
Net sales and other revenues 7,508 7,153 6,792
Cost of net sales (3,719) (3,961) (3,588)
Cost of other revenues (127) 0 0
Gross profit 3,662 3,192 3,204
Selling, general & administration (2,847) (2,801) (2,596)
Research & development (656) (587) (584)
Other income 55 47 47
Other expense (401) (99) (148)
Operating (loss) (187) (248) (77)
Interest expense (113) (24) (27)
Other financial income & expense (32) (28) (23)
(Loss) before taxes (332) (300) (127)
Taxes 324 (73) (383)
Net (loss)/income [1] $ (656) $ (227) $ 256
(Loss)/earnings per share      
Basic earnings per share (in dollars per share) $ (1.34) $ (0.46) $ 0.52
Diluted earnings per share (in dollars per share) $ (1.34) $ (0.46) $ 0.52
Weighted average number of shares outstanding      
Weighted average number of shares outstanding - Basic (in shares) [2] 488.2   488.2
Weighted average number of shares outstanding - Diluted (in shares) [2] 488.2 488.2 488.2
[1] "Former parent net investment" and "Equity" were previously presented as "Retained earnings" and "Invested capital", respectively, and were renamed upon the execution of the Spin-off.
[2]
For periods prior to the Spin-off, the denominator for basic and diluted earnings per share was calculated using 488.2 million shares of common stock distributed in the Spin-off.