| Per Share Information Basic net income (loss), per common share, excludes dilution and is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. Diluted net income (loss), per common share, is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period, plus any potential dilutive common share equivalents, including shares issuable upon the vesting of restricted stock units ("RSUs") as determined under the treasury stock method. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | Income (loss) from continuing operations | $ | 299 | | | $ | 265 | | | $ | 520 | | | $ | 549 | | | | | | | | | | Income (loss) from discontinued operations, net of tax | (205) | | | 26 | | | (275) | | | (722) | | | | | | | | | | | Weighted-average number of common shares outstanding (in millions): | | | | | | | | | Basic weighted-average number of common stock outstanding | 433 | | | 435 | | | 434 | | | 435 | | | Effect of assumed dilution from potential issuance of common shares relating to restricted stock units | 1 | | | 2 | | | 2 | | | 1 | | | Diluted weighted-average number of common shares outstanding | 434 | | | 437 | | | 436 | | | 436 | | | | | | | | | | Net income (loss), per common share: | | | | | | | | Income (loss) from continuing operations, basic | $ | 0.69 | | | $ | 0.61 | | | $ | 1.20 | | | $ | 1.26 | | Income (loss) from discontinued operations, basic | (0.47) | | | 0.06 | | | (0.63) | | | (1.66) | | Net income (loss)—basic | $ | 0.22 | | | $ | 0.67 | | | $ | 0.57 | | | $ | (0.40) | | | | | | | | | | Income (loss) from continuing operations, diluted | $ | 0.69 | | | $ | 0.61 | | | $ | 1.19 | | | $ | 1.26 | | Income (loss) from discontinued operations, diluted | (0.47) | | | 0.06 | | | (0.63) | | | (1.66) | | Net income (loss)—diluted | $ | 0.22 | | | $ | 0.67 | | | $ | 0.56 | | | $ | (0.40) | | | | | | | | | | | Dividends/distributions declared per share of common stock | $ | 1.063 | | | $ | 1.063 | | | $ | 2.125 | | | $ | 2.628 | |
During the six months ended June 30, 2026, the Company granted 0.7 million RSUs to the Company's executives and certain other employees. See note 10 for discussion of the Company's 2026 Stock Repurchase Program, as defined therein, following the completion of the Strategic Fiber Transaction.
|