CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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| Income Statement [Abstract] | ||||||
| Net Sales | $ 2,237 | $ 2,392 | $ 4,496 | $ 4,830 | | |
| Cost of Sales | 1,756 | 1,886 | 3,489 | 3,764 | | |
| Selling, General and Administrative | 197 | 205 | 412 | 402 | | |
| Other Expense, Net | 16 | 15 | 32 | 33 | | |
| Business Combinations, Exit Activities and Other Special Items, Net | (56) | 19 | (39) | 34 | | |
| Total Operating Expenses | 1913.0 | 2125.0 | 3894.0 | 4233.0 | 0 | |
| Income from Operations | 324 | 267 | 602 | 597 | | |
| Nonoperating Pension and Postretirement Benefit Expense | 0 | 0 | (1) | (1) | | |
| Total Other Income Expenses | -60.0 | -60.0 | -120.0 | -119.0 | 0 | |
| Interest Expense, Net | (60) | (60) | (119) | (118) | | |
| Income before Income Taxes | 264 | 207 | 482 | 478 | | |
| Income Tax Expense | (74) | (57) | (127) | (121) | | |
| Net Income | $ 190 | $ 150 | $ 355 | $ 357 | | |
| Net Income Per Share — Basic (in dollars per share) | $ 0.62 | $ 0.49 | $ 1.16 | $ 1.16 | ||
| Net Income Per Share — Diluted (in dollars per share) | $ 0.62 | $ 0.49 | $ 1.15 | $ 1.15 | ||
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- Definition Business Combinations, Business Exit, Shutdown and Other Special Charges, Net No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense (reversal of expense) for net periodic benefit cost components, excluding service cost component, of defined benefit plan. Amount includes, but is not limited to, interest cost, expected (return) loss on plan asset, amortization of prior service cost (credit), amortization of (gain) loss, amortization of transition (asset) obligation, settlement (gain) loss, curtailment (gain) loss and certain termination benefits. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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