XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Statement of Comprehensive Income [Abstract]    
Net sales $ 741 $ 677
Cost of sales 380 357
Gross profit 361 320
Selling, general and administrative 87 75
Engineering — research and development 44 43
Operating income 230 202
Interest expense, net (28) (29)
Other income (expense), net 10 (10)
Income before income taxes 212 163
Income tax expense (42) (34)
Net income $ 170 $ 129
Basic earnings per share attributable to common stockholders $ 1.85 $ 1.32
Diluted earnings per share attributable to common stockholders $ 1.85 $ 1.30
Comprehensive income, net of tax $ 167 $ 146