v3.25.1
Background, Description of the Business, and Basis of Presentation - Summary of Revised Interim Consolidated Statements of Operations (Details) - USD ($)
$ / shares in Units, $ 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
Error Corrections and Prior Period Adjustments Restatement [Line Items]                
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
Total other operating expenses 183 267 183 169 352 619 823 1,547
Interest expense, net (66) (68)   (63)   (196) (263)  
Other income, net 5 6   5 3      
Income (loss) before income taxes   (32) 69 70 138 106 106  
Provision for (benefit from) income taxes 4   9 16 25 25 36  
Net income (loss) (4) (32) 60 54 113 81 70  
Net Income (Loss) $ (4) $ (32) $ 60 $ 54 $ 113 $ 81 $ 70  
Per share data                
Basic earnings (loss) per share of common stock $ (0.03) $ (0.22) $ 0.4 $ 0.36 $ 0.76 $ 0.54 $ 0.47  
Diluted earnings (loss) per share of common stock $ (0.03) $ (0.22) $ 0.39 $ 0.36 $ 0.75 $ 0.54 $ 0.47  
As reported [Member]                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                
Net sales   $ 1,501 $ 1,538 $ 1,350 $ 2,887 $ 4,388    
Cost of goods sold   1,215 1,232 1,064 2,294 3,510 $ 4,631 4,772
Gross profit   286 306 286 593 878 1,151 1,306
Selling, general, and administrative expense   135 139 142 281 416 585 1,290
Total other operating expenses   265 168 174 341 607 810 1,551
Interest expense, net   (69)       (197) (264)  
Other income, net   7     2      
Income (loss) before income taxes   (30) 82 67 149 118 127  
Provision for (benefit from) income taxes   (3) 12 15 28 24 41  
Net income (loss)   (27) 70 52 121 94 86  
Net Income (Loss)   $ (27) $ 70 $ 52 $ 121 $ 94 $ 86  
Per share data                
Basic earnings (loss) per share of common stock   $ (0.18) $ 0.47 $ 0.35 $ 0.81 $ 0.63 $ 0.58  
Diluted earnings (loss) per share of common stock   $ (0.18) $ 0.46 $ 0.34 $ 0.81 $ 0.63 $ 0.57  
Adjustments [Member]                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                
Net sales   $ 7 $ 16 $ 12 $ 28 $ 35    
Cost of goods sold   7 14 14 29 36 $ 9 4
Gross profit     2 (2) (1) (1) (9) (4)
Selling, general, and administrative expense   2 15 (5) 11 12 13 (4)
Total other operating expenses   2 15 (5) 11 12 13 $ (4)
Interest expense, net   1       1 1  
Other income, net   (1)     1      
Income (loss) before income taxes   (2) (13) 3 (11) (12) (21)  
Provision for (benefit from) income taxes   3 (3) 1 (3) 1 (5)  
Net income (loss)   (5) (10) 2 (8) (13) (16)  
Net Income (Loss)   $ (5) $ (10) $ 2 $ (8) $ (13) $ (16)  
Per share data                
Basic earnings (loss) per share of common stock   $ (0.04) $ (0.07) $ 0.01 $ (0.05) $ (0.09) $ (0.11)  
Diluted earnings (loss) per share of common stock   $ (0.04) $ (0.07) $ 0.02 $ (0.06) $ (0.09) $ (0.1)