Loss Per Common Share (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Schedule of Basic and Diluted (Loss) Earnings Per Common Share

Basic and diluted loss per common share for the three and six months ended June 30, 2026 and 2025 were calculated as follows:


			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
			(Dollars in millions, except per share amounts, shares in thousands)
Loss (numerator)
Net loss			$	(201)					(915)						(401)						(1,116)
Net loss applicable to common stock for computing basic loss per common share			(201)						(915)						(401)						(1,116)
Net loss as adjusted for purposes of computing diluted loss per common share			(201)						(915)						(401)						(1,116)
Shares (denominator):
Weighted-average number of shares:
Outstanding during period			1,030,242						1,026,486						1,028,533						1,022,369
Non-vested restricted stock			(26,138)						(31,943)						(27,035)						(29,463)
Weighted average shares outstanding for computing basic loss per common share			1,004,104						994,543						1,001,498						992,906
Incremental common shares attributable to dilutive securities:
Shares issuable under convertible securities			—						—						—						—
Shares issuable under incentive compensation plans			—						—						—						—
Number of shares as adjusted for purposes of computing diluted loss per common share			1,004,104						994,543						1,001,498						992,906
Basic loss per common share			$	(0.20)					(0.92)						(0.40)						(1.12)
Diluted loss per common share(1)			$	(0.20)					(0.92)						(0.40)						(1.12)

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(1)For the three and six months ended June 30, 2026, we excluded from the calculation of diluted loss per share 11 million and 12 million shares, respectively, potentially issuable under incentive compensation plans or convertible securities, as their effect, if included, would have been anti-dilutive due to our net loss position. For the three and six months ended June 30, 2025, we excluded from the calculation of diluted loss per share 7 million and 9 million shares, respectively, potentially issuable under incentive compensation plans or convertible securities, as their effect, if included, would have been anti-dilutive due to our net loss position.