v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Common Stock in Treasury
Shares oustanding, Beginning of Period (in shares) at Dec. 31, 2024   65.7        
Total stockholders' equity, Beginning of Period at Dec. 31, 2024 $ 1,832 $ 1 $ 921 $ 1,964 $ (382) $ (672)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 21     21    
Other comprehensive loss – net of tax 32       32  
Stock compensation expense 10   10      
Vestings of restricted stock, net of employee tax withholdings (in shares)   0.4        
Vestings of restricted stock, net of employee tax withholdings (8)   (8)      
Compensation under stock-based plans – net (in shares)   0.2        
Compensation under stock-based plans – net 1   (5)     6
Dividends (11)     (11)    
Acquisition of Treasury Stock (in shares)   (0.8)        
Acquisition of treasury stock (33)         (33)
Other 0   1     (1)
Shares outstanding, End of Period (in shares) at Mar. 31, 2025   65.5        
Total stockholders' equity, End of Period at Mar. 31, 2025 1,844 $ 1 919 1,974 (350) (700)
Shares oustanding, Beginning of Period (in shares) at Dec. 31, 2024   65.7        
Total stockholders' equity, Beginning of Period at Dec. 31, 2024 1,832 $ 1 921 1,964 (382) (672)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 93          
Shares outstanding, End of Period (in shares) at Jun. 30, 2025   64.9        
Total stockholders' equity, End of Period at Jun. 30, 2025 1,965 $ 1 927 2,035 (276) (722)
Shares oustanding, Beginning of Period (in shares) at Mar. 31, 2025   65.5        
Total stockholders' equity, Beginning of Period at Mar. 31, 2025 1,844 $ 1 919 1,974 (350) (700)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 72     72    
Other comprehensive loss – net of tax 74       74  
Stock compensation expense 8   8      
Vestings of restricted stock, net of employee tax withholdings (1)   (1)      
Compensation under stock-based plans – net 2   2      
Dividends (11)     (11)    
Acquisition of Treasury Stock (in shares)   (0.6)        
Acquisition of treasury stock (22)         (22)
Other 1   (1)      
Shares outstanding, End of Period (in shares) at Jun. 30, 2025   64.9        
Total stockholders' equity, End of Period at Jun. 30, 2025 1,965 $ 1 927 2,035 (276) (722)
Shares oustanding, Beginning of Period (in shares) at Dec. 31, 2025   64.9        
Total stockholders' equity, Beginning of Period at Dec. 31, 2025 2,095 $ 1 942 2,139 (265) (722)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (89)     (89)    
Other comprehensive loss – net of tax (12)       (12)  
Stock compensation expense 36   36      
Vestings of restricted stock, net of employee tax withholdings (in shares)   0.7        
Vestings of restricted stock, net of employee tax withholdings (25)   (12)     (13)
Compensation under stock-based plans – net 1         1
Dividends (19)     (19)    
Issuance of common stock related to merger (in shares) [1]   47.9        
Issuance of common stock related to merger [1] 2,836   2,836      
Other (1)   (1)      
Shares outstanding, End of Period (in shares) at Mar. 31, 2026   113.5        
Total stockholders' equity, End of Period at Mar. 31, 2026 4,822 $ 1 3,801 2,031 (277) (734)
Shares oustanding, Beginning of Period (in shares) at Dec. 31, 2025   64.9        
Total stockholders' equity, Beginning of Period at Dec. 31, 2025 2,095 $ 1 942 2,139 (265) (722)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 21     21    
Shares outstanding, End of Period (in shares) at Jun. 30, 2026   113.6        
Total stockholders' equity, End of Period at Jun. 30, 2026 4,925 $ 1 3,817 2,121 (277) (737)
Shares oustanding, Beginning of Period (in shares) at Mar. 31, 2026   113.5        
Total stockholders' equity, Beginning of Period at Mar. 31, 2026 4,822 $ 1 3,801 2,031 (277) (734)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 110     110    
Other comprehensive loss – net of tax 0          
Stock compensation expense 15   15      
Vestings of restricted stock, net of employee tax withholdings (in shares)   0.1        
Vestings of restricted stock, net of employee tax withholdings (2)   (1)     (1)
Compensation under stock-based plans – net 2   2      
Dividends (20)     (20)    
Acquisition of treasury stock (3)         (3)
Other 1         (1)
Shares outstanding, End of Period (in shares) at Jun. 30, 2026   113.6        
Total stockholders' equity, End of Period at Jun. 30, 2026 $ 4,925 $ 1 $ 3,817 $ 2,121 $ (277) $ (737)
[1]
(1) Includes stock-based compensation attributable to pre-combination services.