Earnings Per Share (Notes)

6 Months Ended

Jun. 30, 2026


7.			Earnings Per Share

Basic EPS is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period, plus the dilutive effect of time-based and performance-based restricted stock units (“RSUs”).

The following table summarizes net income and basic and diluted shares used in the earnings per share computations:


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2026		2025		2026		2025

Net income (loss)	$	4	$	(5)	$	37	$	46

Weighted average common shares outstanding	38		38		38		38
Incremental shares from assumed time-based and performance-based RSU awards	1		—		—		—
Adjusted weighted average common shares outstanding	39		38		38		38

Potentially dilutive securities not included in weighted average shares calculation due to anti-dilutive effect	1		1		1		1