v3.26.1
Earnings (Loss) Per Share (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the computation of basic and diluted earnings (loss) per share of common stock:
 Three Months Ended
March 31,
(in millions, except per share data in whole dollars and shares in thousands)20262025
Basic Net Earnings (Loss) per Share:
Net Income (Loss)$(33)$(51)
Dividend - Preferred Stock(2)(2)
Adjusted Net Income (Loss) Available to Common Shareholders - Basic$(35)$(53)
Diluted Net Earnings (Loss) per Share:
Net Income (Loss)$(33)$(51)
Dividend - Preferred Stock(2)(2)
Adjusted Net Income (Loss) Available to Common Shareholders - Diluted$(35)$(53)
Weighted Average Common Shares Outstanding - Basic154,903 161,830 
Common Shares Issuable With Respect To:
Restricted Stock and Performance Units / Shares— — 
8% Convertible Preferred Stock— — 
Weighted Average Common Shares Outstanding - Diluted154,903 161,830 
Net Earnings (Loss) per Share:
Basic$(0.23)$(0.33)
Diluted$(0.23)$(0.33)
The following securities were not included in the computation of diluted earnings per share as they were either contingently issuable shares or shares that if included would have been anti-dilutive (shares in thousands):
Restricted stock and performance shares/units13,224 7,782 
Convertible preferred stock5,393 5,393 
Total Anti-Dilutive and Contingently Issuable Securities18,617 13,175