The following table presents a reconciliation of net income (loss) and weighted-average common shares used in calculating basic and diluted earnings per common share:


	Three Months Ended March 31,
		2026		2025
		(in millions, except per share data)
Weighted-average common shares outstanding:
Weighted-average common shares outstanding — basic		281.3		307.8
Effect of dilutive potential common shares:
Employee share awards (1)		2.5		4.1
Weighted-average common shares outstanding — diluted		283.8		311.9

Net income (loss):
Net income (loss)		$	731	$	150
Less: Net income (loss) attributable to the noncontrolling interest		110		87
Net income (loss) attributable to Holdings		621		63
Less: Preferred stock dividends		14		14
Net income (loss) available to Holdings’ common shareholders		$	607	$	49

Earnings per common share:
Basic		$	2.16	$	0.16
Diluted		$	2.14	$	0.16