v3.25.2
Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)
$ in Millions
Restricted Stock [Member]
Common Stock [Member]
Common Class A [Member]
Restricted Stock [Member]
Common Stock [Member]
Restricted Stock [Member]
Retained Earnings [Member]
Restricted Stock [Member]
Treasury Stock, Common [Member]
Common Class A [Member]
Restricted Stock [Member]
Treasury Stock, Common [Member]
Restricted Stock [Member]
AOCI Attributable to Parent [Member]
Restricted Stock [Member]
Restricted Stock Units (RSUs) [Member]
Common Stock [Member]
Common Class A [Member]
Restricted Stock Units (RSUs) [Member]
Common Stock [Member]
Restricted Stock Units (RSUs) [Member]
Retained Earnings [Member]
Restricted Stock Units (RSUs) [Member]
Treasury Stock, Common [Member]
Common Class A [Member]
Restricted Stock Units (RSUs) [Member]
Treasury Stock, Common [Member]
Restricted Stock Units (RSUs) [Member]
AOCI Attributable to Parent [Member]
Restricted Stock Units (RSUs) [Member]
Common Stock [Member]
Common Class A [Member]
Common Stock [Member]
Retained Earnings [Member]
Treasury Stock, Common [Member]
Common Class A [Member]
Treasury Stock, Common [Member]
AOCI Attributable to Parent [Member]
Total
Balance (in shares) at Dec. 31, 2023                             10,413,993 107,179,827          
Balance at Dec. 31, 2023                             $ 50 $ 1,174 $ 1,084 $ (32) $ (282) $ (23) $ 1,971
Balance (in shares) at Dec. 31, 2023                                   (2,251,727) (19,952,346)    
Net (loss) income                             0 0 88 $ 0 $ 0 0 88
Preferred stock dividends                             0 0 (13) 0 0 0 (13)
Common stock dividends                             $ 0 $ 0 (8) $ 0 $ 0 0 (8)
401(k) Plan (in shares)                             0 1,765,444   0 0    
401(k) Plan                             $ 0 $ 9 0 $ 0 $ 0 0 9
Restricted stock awards (in shares) 823,393 1,126,296   (142,895) (146,470)     0 564,793   0 (188,400)                  
Restricted stock awards $ 0 $ 0 $ 0 $ (1) $ (1) $ 0 $ (2) $ 0 $ 0 $ 0 $ 0 $ (1) $ 0 $ (1)              
Stock-based compensation                             $ 2 $ 4 0 0 0 0 6
Restricted stock awards $ (0) $ (0) (0) $ 1 $ 1 (0) 2 $ (0) $ (0) (0) $ (0) $ 1 (0) 1              
Balance (in shares) at Mar. 31, 2024                             11,237,386 110,636,360          
Balance at Mar. 31, 2024                             $ 52 $ 1,187 1,151 $ (33) $ (284) (23) 2,050
Balance (in shares) at Mar. 31, 2024                                   (2,394,622) (20,287,216)    
Balance (in shares) at Dec. 31, 2023                             10,413,993 107,179,827          
Balance at Dec. 31, 2023                             $ 50 $ 1,174 1,084 $ (32) $ (282) (23) 1,971
Balance (in shares) at Dec. 31, 2023                                   (2,251,727) (19,952,346)    
Net (loss) income                                         110
Common stock dividends                                         (16)
Balance (in shares) at Jun. 30, 2024                             11,237,386 111,166,022          
Balance at Jun. 30, 2024                             $ 54 $ 1,191 1,152 $ (33) $ (284) (25) 2,055
Balance (in shares) at Jun. 30, 2024                                   (2,394,622) (20,341,577)    
Balance (in shares) at Mar. 31, 2024                             11,237,386 110,636,360          
Balance at Mar. 31, 2024                             $ 52 $ 1,187 1,151 $ (33) $ (284) (23) 2,050
Balance (in shares) at Mar. 31, 2024                                   (2,394,622) (20,287,216)    
Net (loss) income                             0 0 22 $ 0 $ 0 0 22
Preferred stock dividends                             0 0 (13) 0 0 0 (13)
Common stock dividends                             0 0 (8) 0 0 0 (8)
Restricted stock awards (in shares) 529,662   0 (54,361)                                
Restricted stock awards $ 0 $ 0 0 $ 0 $ 0 0 0                            
Stock-based compensation                             2 4 0 0 0 0 6
Adjustment to fair value of interest rate cap, net of tax                             $ 0 $ 0 0 0 0 (2) (2)
Restricted stock awards $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0                            
Balance (in shares) at Jun. 30, 2024                             11,237,386 111,166,022          
Balance at Jun. 30, 2024                             $ 54 $ 1,191 1,152 $ (33) $ (284) (25) 2,055
Balance (in shares) at Jun. 30, 2024                                   (2,394,622) (20,341,577)    
Balance (in shares) at Dec. 31, 2024                             11,237,386 111,166,022          
Balance at Dec. 31, 2024                             $ 57 $ 1,198 1,375 $ (33) $ (284) (30) 2,283
Balance (in shares) at Dec. 31, 2024                                   (2,423,199) (20,397,775)    
Net (loss) income                             0 0 (9) $ 0 $ 0 0 (9)
Preferred stock dividends                             0 0 (13) 0 0 0 (13)
Common stock dividends                             $ 0 $ 0 (8) $ 0 $ 0 0 (8)
Restricted stock awards (in shares)               0 1,163,515   0 (377,291)     961,422 1,105,758   (189,201) (372,670)    
Restricted stock awards               $ 0 $ 0 0 $ 0 $ (2) 0 (2) $ 0 $ 0 0 $ (2) $ (1) 0 (3)
Stock-based compensation                             2 5 0 0 0 0 7
Adjustment to fair value of interest rate cap, net of tax                             0 0 0 0 0 (1) (1)
Restricted stock awards               $ (0) $ (0) $ (0) $ (0) $ 2 $ (0) $ 2 $ (0) $ (0) (0) 2 1 (0) 3
Balance (in shares) at Mar. 31, 2025                             12,198,808 113,435,295          
Balance at Mar. 31, 2025                             $ 59 $ 1,203 1,345 $ (35) $ (287) (31) 2,254
Balance (in shares) at Mar. 31, 2025                                   (2,612,400) (21,147,736)    
Balance (in shares) at Dec. 31, 2024                             11,237,386 111,166,022          
Balance at Dec. 31, 2024                             $ 57 $ 1,198 1,375 $ (33) $ (284) (30) 2,283
Balance (in shares) at Dec. 31, 2024                                   (2,423,199) (20,397,775)    
Net (loss) income                                         (65)
Common stock dividends                                         (16)
Balance (in shares) at Jun. 30, 2025                             12,198,808 113,779,383          
Balance at Jun. 30, 2025                             $ 62 $ 1,205 1,268 $ (35) $ (288) (31) 2,181
Balance (in shares) at Jun. 30, 2025                                   (2,612,400) (21,279,138)    
Balance (in shares) at Mar. 31, 2025                             12,198,808 113,435,295          
Balance at Mar. 31, 2025                             $ 59 $ 1,203 1,345 $ (35) $ (287) (31) 2,254
Balance (in shares) at Mar. 31, 2025                                   (2,612,400) (21,147,736)    
Net (loss) income                             0 0 (56) $ 0 $ 0 0 (56)
Preferred stock dividends                             0 0 (13) 0 0 0 (13)
Common stock dividends                             $ 0 $ 0 (8) $ 0 $ 0 0 (8)
Restricted stock awards (in shares)                             0 344,088   0 (131,402)    
Restricted stock awards                             $ 0 $ 0 0 $ 0 $ 1 0 1
Stock-based compensation                             3 2 0 0 0 0 5
Restricted stock awards                             $ 0 $ 0 0 0 (1) 0 (1)
Balance (in shares) at Jun. 30, 2025                             12,198,808 113,779,383          
Balance at Jun. 30, 2025                             $ 62 $ 1,205 $ 1,268 $ (35) $ (288) $ (31) $ 2,181
Balance (in shares) at Jun. 30, 2025                                   (2,612,400) (21,279,138)