XML 127 R109.htm IDEA: XBRL DOCUMENT v3.22.4
Supplementary Quarterly Financial Data (Unaudited) - Schedule of Change in Accounting Estimate (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Consolidated Statement of Operations                      
Net sales $ 2,285 $ 2,252 $ 2,534 $ 2,388 $ 2,805 $ 2,787 $ 2,709 $ 2,288 $ 9,459 $ 10,589 $ 9,385
Cost of products sold 1,685 1,594 1,698 1,648 1,968 1,904 1,803 1,551 6,625 7,226 6,301
Operating income (loss) (273) 40 328 217 170 316 329 198 312 1,013 (629)
Other (income) expense, net (8) 24 21 (118)         (81) (8) 78
Income (loss) before income taxes (330) (41) 252 276 111 250 267 132 157 760 (1,001)
Income tax expense (benefit) (81) (60) 53 48 13 35 51 39 (40) 138 (235)
Net income (loss) $ (249) $ 19 $ 199 $ 228 $ 98 $ 215 $ 216 $ 93 $ 197 $ 622 $ (766)
Weighted average common shares outstanding:                      
Basic (in shares) 413,600 413,600 413,800 421,900 425,500 425,400 425,400 424,900 415,700 425,300 424,100
Diluted (in shares) 413,600 414,600 415,700 424,700 428,300 428,500 427,800 427,600 417,400 428,000 424,100
Earnings (loss) per share:                      
Basic (in USD per share) $ (0.60) $ 0.05 $ 0.48 $ 0.54 $ 0.23 $ 0.51 $ 0.51 $ 0.22 $ 0.47 $ 1.46 $ (1.81)
Diluted (in USD per share) $ (0.60) $ 0.05 $ 0.48 $ 0.54 $ 0.23 $ 0.50 $ 0.50 $ 0.22 $ 0.47 $ 1.45 $ (1.81)
As Reported                      
Consolidated Statement of Operations                      
Net sales $ 2,285 $ 2,252 $ 2,534 $ 2,388 $ 2,805 $ 2,787 $ 2,709 $ 2,288 $ 9,459 $ 10,589 $ 9,385
Cost of products sold 1,681 1,599 1,709 1,648 1,970 1,939 1,827 1,557 6,637 7,293 6,306
Operating income (loss) (269) 35 317 217 168 281 305 192 300 946 (634)
Other (income) expense, net (8) 8 8 (124)              
Income (loss) before income taxes (326) (30) 254 282 109 215 243 126 145 693 (1,006)
Income tax expense (benefit) (80) (61) 50 48 13 25 46 37 (43) 121 (236)
Net income (loss) $ (246) $ 31 $ 204 $ 234 $ 96 $ 190 $ 197 $ 89 $ 188 $ 572 $ (770)
Weighted average common shares outstanding:                      
Basic (in shares) 413,600 413,600 413,800 421,900 425,500 425,400 425,400 424,900 415,700 425,300 424,100
Diluted (in shares) 413,600 414,600 415,700 424,700 428,300 428,500 427,800 427,600 417,400 428,000 424,100
Earnings (loss) per share:                      
Basic (in USD per share) $ (0.59) $ 0.07 $ 0.49 $ 0.55 $ 0.23 $ 0.45 $ 0.46 $ 0.21 $ 0.45 $ 1.34 $ (1.82)
Diluted (in USD per share) $ (0.59) $ 0.07 $ 0.49 $ 0.55 $ 0.22 $ 0.44 $ 0.46 $ 0.21 $ 0.45 $ 1.34 $ (1.82)
Impact of Revision                      
Consolidated Statement of Operations                      
Net sales $ 0 $ 0 $ 0 $ 0              
Cost of products sold 0 0 0 0              
Operating income (loss) 0 0 0 0              
Other (income) expense, net 0 16 13 6              
Income (loss) before income taxes 0 (16) (13) (6)              
Income tax expense (benefit) 0 0 0 0              
Net income (loss) 0 (16) (13) (6)              
Impact of Change to FIFO                      
Consolidated Statement of Operations                      
Net sales 0 0 0 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Cost of products sold 4 (5) (11) 0 (2) (35) (24) (6) (12) (67) (5)
Operating income (loss) (4) 5 11 0 2 35 24 6 12 67 5
Other (income) expense, net 0 0 0 0              
Income (loss) before income taxes (4) 5 11 0 2 35 24 6 12 67 5
Income tax expense (benefit) (1) 1 3 0 0 10 5 2 3 17 1
Net income (loss) $ (3) $ 4 $ 8 $ 0 $ 2 $ 25 $ 19 $ 4 $ 9 $ 50 $ 4
Weighted average common shares outstanding:                      
Basic (in shares)              
Diluted (in shares)              
Earnings (loss) per share:                      
Basic (in USD per share)                 $ 0.02 $ 0.12 $ 0.01
Diluted (in USD per share)                 $ 0.02 $ 0.11 $ 0.01