v3.26.1
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Useful Lives of Property and Equipment Depreciation is calculated using the straight-line method over estimated useful lives as follows:
Buildings and building improvements
10 to 40 years
Leasehold improvements
Shorter of lease term or useful life
Equipment and other (including finance leases)
3 to 20 years
SuccessorPredecessor
At December 31,20252024
Land$929 $370 
Buildings504 889 
Equipment and other872 3,987 
2,305 5,246 
Less: Accumulated depreciation110 3,680 
Property and equipment, net$2,195 $1,566 
SuccessorPredecessor
Period From August 7 - December 31,Period From January 1 - August 6,Year Ended December 31,
2025202520242023
Depreciation expense$97 $189 $364 $383 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The table below presents stock options, RSUs, restricted stock, and warrants excluded from the calculations of diluted EPS. In each period all outstanding stock options, RSUs, and warrants were excluded because their inclusion would have been antidilutive because we reported a net loss.
SuccessorPredecessor
Period From August 7 - December 31,Period From January 1 - August 6,Year Ended December 31,
(in millions)2025202520242023
Stock options, restricted stock and RSUs68 33 28 19 
Warrants200 — — — 
Schedule of Reconciliation for Calculation of Basic and Diluted EPS The table below presents a reconciliation of net loss from continuing operations and net loss to the amounts used in the calculations of basic and diluted EPS.
Year Ended December 31,20242023
Amounts attributable to the Parent:
Net loss from continuing operations$(6,204)$(1,284)
Preferred stock dividends(14)(58)
Net loss from continuing operations for basic and diluted
   EPS calculation		$(6,218)$(1,342)
Amounts attributable to the Parent:
Net loss$(6,190)$(608)
Preferred stock dividends(14)(58)
Net loss for basic and diluted EPS calculation$(6,204)$(666)