The following table presents the computation of basic and diluted income (loss) per common share:



	2025		2024		2023
	(in millions, except per share data)
Net income (loss) from continuing operations	$	1,643	$	(765)	$	(902)
Less: dividends allocated to preferred shareholders	17		54		24
Less: income attributable to participating securities	28		—		—
Net income (loss) from continuing operations attributable to common shareholders - basic	1,598		(819)		(926)
Net income (loss) from discontinued operations, net of taxes, attributable to common shareholders	242		(33)		(782)
Net income (loss) attributable to common shareholders - basic	$	1,840	$	(852)	$	(1,708)

Net income (loss) from continuing operations attributable to common shareholders - basic	$	1,598	$	(819)	$	(926)
Re-allocation of participating securities considered potentially dilutive securities	1		—		—
Net income (loss) from continuing operations attributable to common shareholders - diluted	1,599		(819)		(926)
Net income (loss) from discontinued operations, net of taxes, attributable to common shareholders	242		(33)		(782)
Net income (loss) attributable to common shareholders - diluted	$	1,841	$	(852)	$	(1,708)

Weighted average shares:
Basic	347		326		318
RSUs, PSUs, ESPP, and the convertible notes	12		—		—
Diluted	359		326		318

Net income (loss) per common share:
Continuing operations - basic	$	4.61	$	(2.51)	$	(2.91)
Discontinued operations - basic	0.70		(0.10)		(2.46)
Net income (loss) per common share - basic	5.31		(2.61)		(5.37)

Continuing operations - diluted	4.45		(2.51)		(2.91)
Discontinued operations - diluted	0.67		(0.10)		(2.46)
Net income (loss) per common share - diluted	5.12		(2.61)		(5.37)

Anti-dilutive potential common shares excluded	—		22		14