v3.25.1
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Millions
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Treasury Stock, Common [Member]
AOCI Attributable to Parent [Member]
Total
Balance (in shares) at Dec. 31, 2023 109,000,000          
Balance at Dec. 31, 2023 $ 1 $ 1,768 $ (678) $ (375) $ (228) $ 488
Balance (in shares) at Dec. 31, 2023       (24,000,000)    
Net loss 0 0 19 $ 0 0 19
Foreign currency translation adjustments           (5)
Reclassification of foreign currency translation adjustments to net income as a result of the sale of Canada           0
Shares withheld for taxes 0 (5) 0 0 0 (5)
Equity-based compensation expense 0 4 0 0 0 4
Foreign currency translation 0 0 0 0 (5) (5)
Dividends declared on preferred stock $ 0 0 (6) 0 0 (6)
Balance (in shares) at Mar. 31, 2024 109,000,000          
Balance at Mar. 31, 2024 $ 1 1,767 (665) $ (375) (233) 495
Balance (in shares) at Mar. 31, 2024       (24,000,000)    
Balance (in shares) at Dec. 31, 2024 109,000,000          
Balance at Dec. 31, 2024 $ 1 1,779 (652) $ (375) (237) $ 516
Balance (in shares) at Dec. 31, 2024       (24,000,000)   24,216,330
Net loss 0 0 (22) $ 0 0 $ (22)
Foreign currency translation adjustments 0 0 0 0 5 5
Reclassification of foreign currency translation adjustments to net income as a result of the sale of Canada $ 0 0 0 $ 0 28 28
Vesting of restricted stock (in shares) 1,000,000     0    
Shares withheld for taxes $ 0 (6) 0 $ 0 0 (6)
Equity-based compensation expense $ 0 4 0 0 0 4
Balance (in shares) at Mar. 31, 2025 110,000,000          
Balance at Mar. 31, 2025 $ 1 $ 1,777 $ (674) $ (375) $ (204) $ 525
Balance (in shares) at Mar. 31, 2025       (24,000,000)   24,216,330