v3.26.1
EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted EPS
The following table presents the calculation of basic and diluted EPS, for the three months ended March 31, 2026 and 2025:

Three months ended
March 31,
20262025
(in millions, except per-share amounts)
Numerator for Basic and Diluted EPS
Net (loss) income
$(711)$115 
Denominator for Basic EPS
Weighted-average shares88.7 90.6 
Potential common shares, if dilutive:
Restricted stock units
— 0.4 
Performance stock units
— 0.2 
Denominator for Diluted EPS
Weighted-average shares88.7 91.2 
EPS
Basic $(8.02)$1.27 
Diluted$(8.02)$1.26 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table presents potentially dilutive weighted-average common shares which were excluded from the denominator for EPS in periods of losses:

Three months ended
March 31,
20262025
(in millions)
Shares issuable upon settlement of RSUs
1.1 — 
Shares issuable upon settlement of PSUs
0.8 — 
Total antidilutive shares
1.9 —