v3.26.1
Earnings (Loss) Per Common Share (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted
The following table provides the computation of basic and diluted earnings (loss) per common share (EPS) (in millions, except share and per share amounts):
 Three Months Ended June 30,Six Months Ended June 30,
 2026202520262025
Basic EPS:
Net income (loss)$71 $599 $(311)$126 
Weighted average common shares outstanding (in thousands)662,190 660,127 661,685 659,504 
Basic EPS$0.11 $0.91 $(0.47)$0.19 
Diluted EPS:
Net income (loss) for purposes of computing diluted EPS$71 $599 $(311)$126 
Share computation for diluted EPS (in thousands):
Basic weighted average common shares outstanding662,190 660,127 661,685 659,504 
Dilutive effect of restricted stock unit awards423 240 — 370 
Dilutive effect of certain PSP Warrants and Treasury Loan Warrants— — — 649 
Diluted weighted average common shares outstanding662,613 660,367 661,685 660,523 
Diluted EPS$0.11 $0.91 $(0.47)$0.19 
Schedule of Anti-Dilutive Securities Excluded From Calculation of Diluted EPS
The following were excluded from the calculation of diluted EPS because inclusion of such shares would be antidilutive (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Restricted stock unit awards1,099 2,012 1,574 1,673 
6.50% convertible senior notes (1)
— — — 30,864 
(1)On March 27, 2025, we provided notice to the holders of our 6.50% convertible senior notes due 2025 (Convertible Notes) that we would settle our Convertible Notes at their maturity in cash on July 1, 2025. As a result, we have excluded the Convertible Notes from the calculation of diluted EPS for the quarterly periods ended after March 31, 2025.