v3.25.2
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
(in millions, except per share data)
Three Months Ended
June 30,
Six Months Ended
June 30,
 2025202420252024
Net income (loss)$72 $141 $93 $249 
Basic:
  
Weighted average shares outstanding
65.6 67.2 66.0 67.1 
Earnings (loss) per share
$1.10 $2.09 $1.41 $3.71 
Diluted:
  
Basic weighted average shares outstanding
65.6 67.2 66.0 67.1 
Effect of dilutive restricted stock
0.3 0.5 0.5 0.7 
Diluted weighted average shares outstanding65.9 67.7 66.5 67.8 
Earnings (loss) per share
$1.09 $2.08 $1.40 $3.68 
 
Non-vested restricted stock awards and restricted stock units (“Restricted Stock”) granted by the Company are treated as potential common shares outstanding in computing diluted earnings per share using the treasury stock method. Weighted average Restricted Stock of approximately 0.4 million and 0.1 million were outstanding during the three months ended June 30, 2025 and 2024, respectively, but were not included in the computation of diluted shares as the effect would be anti-dilutive or performance targets were not expected to be achieved for awards contingent upon performance. Weighted average Restricted Stock of approximately 0.5 million and 0.1 million were outstanding during the six months ended June 30, 2025 and 2024, respectively, but were not included in the computation of diluted shares as the effect would be anti-dilutive or performance targets were not expected to be achieved for awards contingent upon performance.