v3.25.2
Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share
10. Earnings Per Share
The following table summarizes the calculation of basic and diluted loss per share for each period:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Net income (loss)$18 $(97)$65 $(36)
Basic weighted-average shares outstanding125 135 125 135 
Effect of potentially dilutive securities:
Restricted stock awards1
1 — 1 — 
Diluted weighted-average shares outstanding126 135 125 135 
Basic earnings (loss) per share0.15 (0.72)0.53 (0.27)
Diluted earnings (loss) per share0.14 (0.72)0.52 (0.27)
1The potential shares excluded from the diluted earnings per share computation because of the antidilutive impact were nil in the three and six months ended June 30, 2025 and 2 million for the three and six months ended June 30, 2024.
The weighted average number of shares is adjusted for the number of shares granted to the extent market conditions have been met at the balance sheet date and determined using the treasury stock method.
Conditional awards of 2 million and 5 million shares were granted in the three and six months ended June 30, 2025 and 2 million in the three and six months ended June 30, 2024 under the Company’s Long-Term Incentive Plan, respectively.