v3.25.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Reconciliation of Weighted Average Number of Shares of Common Stock Outstanding

Below is a reconciliation of the weighted average number of shares of common stock outstanding used in calculating Diluted EPS for the periods presented:

 

 

Three months ended March 31,

 

 

 

2025

 

 

2024

 

 

 

(shares in thousands and dollars in millions, except per share amounts)

 

Numerator:

 

 

 

 

 

 

Net income (loss)

 

$

(11

)

 

$

(59

)

Denominator:

 

 

 

 

 

 

Weighted average shares used to compute Basic EPS

 

 

140,970

 

 

 

138,438

 

Weighted average effect of dilutive securities:

 

 

 

 

 

 

Stock-based awards (Note 9)

 

 

—

 

 

—

 

2026 Senior Notes (Note 6)

 

 

—

 

 

—

 

Weighted average shares used to compute Diluted EPS

 

 

140,970

 

 

 

138,438

 

Basic EPS

 

$

(0.08

)

 

$

(0.43

)

Diluted EPS

 

$

(0.08

)

 

$

(0.43

)