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EARNINGS (LOSS) PER SHARE
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE
(12) EARNINGS (LOSS) PER SHARE
Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period increased by the number of additional shares that would have been outstanding related to potentially dilutive equity-based compensation.
The details of the earnings per share calculations for the three and six months ended June 30, 2026 and 2025 are as follows:
(In millions, except share and per share amounts)
Three months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Net income (loss)$497.8 $324.2 $887.9 $488.7 
Weighted-average number of shares outstanding - basic384,555,346 381,482,996 383,742,935 381,166,015 
Dilutive effect of equity-based compensation8,191,645 8,363,831 8,768,352 8,811,501 
Weighted-average number of shares outstanding - diluted392,746,991 389,846,827 392,511,287 389,977,516 
Earnings (loss) per share
Basic$1.29 $0.85 $2.31 $1.28 
Diluted$1.27 $0.83 $2.26 $1.25 
The dilutive effect of equity-based compensation awards was 8.2 million and 8.8 million shares, respectively, during the three and six months ended June 30, 2026. Additional equity-based compensation awards of 0.6 million and 0.5 million shares were also outstanding during the three and six months ended June 30, 2026, but were not included in the computation of diluted earnings (loss) per share because the effect would be anti-dilutive.
The dilutive effect of equity-based compensation awards was 8.4 million and 8.8 million shares, respectively, during the three and six months ended June 30, 2025. Additional equity-based compensation awards of 1.8 million and 1.1 million shares were also outstanding during the three and six months ended June 30, 2025, but were not included in the computation of diluted earnings (loss) per share because the effect would be anti-dilutive.