v3.25.1
Interim Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2024
Sep. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]                
Net sales $ 1,368 $ 1,508 $ 1,554 $ 1,362 $ 2,915 $ 4,423    
Cost of goods sold 1,132 1,222 1,246 1,078 2,323 3,546 $ 4,640 $ 4,776
Gross profit 236 286 308 284 592 877 1,142 1,302
Selling, general, and administrative expense 123 137 154 137 292 428 598 1,286
Research and development expense 27     28        
Restructuring, asset-related, and other charges 33     4        
Total other operating expenses 183 267 183 169 352 619 823 $ 1,547
Equity in earnings of affiliates 8     13        
Interest expense, net (66) (68)   (63)   (196) (263)  
Other income, net 5 6   5 3      
Income before income taxes   (32) 69 70 138 106 106  
Provision for income taxes 4   9 16 25 25 36  
Net (loss) income (4) (32) 60 54 113 81 70  
Net Income (Loss) $ (4) $ (32) $ 60 $ 54 $ 113 $ 81 $ 70  
Per share data                
Basic (loss) earnings per share of common stock $ (0.03) $ (0.22) $ 0.4 $ 0.36 $ 0.76 $ 0.54 $ 0.47  
Diluted (loss) earnings per share of common stock $ (0.03) $ (0.22) $ 0.39 $ 0.36 $ 0.75 $ 0.54 $ 0.47