Basic earnings (loss) per share has been computed based upon the weighted average number of common shares outstanding. Diluted earnings per share has been computed based upon the weighted average number of common shares outstanding plus the effect of all potentially dilutive common stock equivalents, except when the effect would be anti-dilutive.

The following table sets forth the computation of basic and diluted loss per share (in millions, except per share data).


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Basic and diluted income (loss) per share:
Numerator:
Net income (loss), basic and diluted	$	19	$	(35)	$	(5)	$	(53)
Denominator:
Basic weighted average common shares	33.4		30.0		33.4		29.2
RSUs and PSUs	0.1		—		—		—
Weighted average shares used to calculate diluted income (loss) per share	33.5		30.0		33.4		29.2
Income (loss) per share:
Basic	$	0.57	$	(1.17)	$	(0.15)	$	(1.82)
Diluted	$	0.57	$	(1.17)	$	(0.15)	$	(1.82)
Antidilutive RSUs and PSUs	0.2		0.2		0.2		0.2