v3.26.1
(Loss) Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted (Loss) Earnings per Share
The following table presents the calculation of basic and diluted (loss) earnings per share:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in millions, except per share data)
Numerator:
Numerator for basic and diluted (loss) earnings per share - net (loss) income
$(1)$15 $(106)$(98)
Denominator:
Denominator for basic (loss) earnings per share - weighted-average number of shares of common stock outstanding
132 128 131 127 
Effect of dilutive securities:
Restricted stock units— — — 
Denominator for diluted (loss) earnings per share - weighted-average number of shares of common stock outstanding after the effect of dilutive securities
132 129 131 127 
(Loss) earnings per share
Basic$(0.01)$0.11 $(0.81)$(0.77)
Diluted$(0.01)$0.11 $(0.81)$(0.77)
Schedule of Antidilutive Securities Excluded from Computation of Loss Per Share
The potential common shares from anti-dilutive securities excluded from the weighted-average shares of common stock used to calculate diluted (loss) earnings per share were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in millions)
Unvested restricted stock units
Unvested performance stock units— — 
Shares related to convertible debt instruments427 27 
Total12 30 12 30