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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Net sales (Note 3) $ 3,112 $ 2,506
Costs of sales 1,647 1,430
Gross margin 1,465 1,076
Selling expenses 23 20
General and administrative expenses 92 90
Other operating costs, net (Note 13) 6 10
Operating income 1,344 956
Non-operating pension and other post-employment benefit costs (Note 6) (15) (8)
Interest income and other (1) 1
Interest expense, net of capitalized interest (72) (79)
Loss on debt extinguishment (Note 8) (276) 0
Earnings before income taxes 980 870
Income taxes (Note 14) (209) (189)
Net earnings $ 771 $ 681
Earnings per share, basic and diluted (Note 4) $ 1.03 $ 0.91
Weighted average shares outstanding (in thousands) (Note 4):    
Basic 747,507 748,718
Diluted 748,823 750,024