v3.25.4
Earnings Per Share (Notes)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Net Income per Share
10.Earnings Per Share
Basic EPS is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period, plus the dilutive effect of time-based and performance-based RSUs.
The following table summarizes the net income (loss) and the basic and diluted shares used in the earnings per share computations:
Year Ended December 31,
(in millions)
202520242023
Net income (loss)$(7)$91 $171 
Weighted average common shares outstanding38 38 38 
Adjusted weighted average common shares outstanding38 38 38 
For our time-based and performance-based RSU awards, we excluded an insignificant number of shares from the calculation of diluted earnings per share due to such shares being anti-dilutive during the years ended December 31, 2025, 2024 and 2023.