v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)(Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Treasury Stock
Deferred Compensation Obligation
Beginning balance at Dec. 31, 2024 $ 255   $ 4,213 $ (1) $ (3,957) $ (4) $ 4
Beginning balance, shares at Dec. 31, 2024   92,500,000          
Issuance of common stock in connection with at-the-market offering, net 80   80        
Issuance of common stock in connection with at-the-market offering, net, shares   2,200,000          
Stock-based compensation 77   77        
Issuance of common stock under equity plan awards, net of tax 4   4        
Issuance of common stock under equity plan awards, net of tax, shares   1,700,000          
Deferred compensation           (4) 4
Other comprehensive income (loss) 1     1      
Net Income (Loss) (266)       (266)    
Ending balance at Jun. 30, 2025 151   4,374 0 (4,223) (8) 8
Ending balance, shares at Jun. 30, 2025   96,400,000          
Beginning balance at Mar. 31, 2025 144   4,252   (4,108) (8) 8
Beginning balance, shares at Mar. 31, 2025   93,900,000          
Issuance of common stock in connection with at-the-market offering, net 80   80        
Issuance of common stock in connection with at-the-market offering, net, shares   2,200,000          
Stock-based compensation 38   38        
Issuance of common stock under equity plan awards, net of tax 4   4        
Issuance of common stock under equity plan awards, net of tax, shares   300,000          
Other comprehensive income (loss) 0            
Net Income (Loss) (115)       (115)    
Ending balance at Jun. 30, 2025 151   4,374 0 (4,223) (8) 8
Ending balance, shares at Jun. 30, 2025   96,400,000          
Beginning balance at Dec. 31, 2025 $ (80)   4,451 1 (4,532) (8) 8
Beginning balance, shares at Dec. 31, 2025 96,600,000 96,600,000          
Stock-based compensation $ 64   64        
Issuance of common stock under equity plan awards, net of tax 3   3        
Issuance of common stock under equity plan awards, net of tax, shares   2,000,000          
Deferred compensation           (2) 2
Other comprehensive income (loss) (1)     (1)      
Net Income (Loss) (277)       (277)    
Ending balance at Jun. 30, 2026 $ (291)   4,518   (4,809) (10) 10
Ending balance, shares at Jun. 30, 2026 98,600,000 98,600,000          
Beginning balance at Mar. 31, 2026 $ (236)   4,481 $ 0 (4,717) (10) 10
Beginning balance, shares at Mar. 31, 2026   98,300,000          
Stock-based compensation 34   34        
Issuance of common stock under equity plan awards, net of tax 3   3        
Issuance of common stock under equity plan awards, net of tax, shares   300,000          
Other comprehensive income (loss) 0            
Net Income (Loss) (92)       (92)    
Ending balance at Jun. 30, 2026 $ (291)   $ 4,518   $ (4,809) $ (10) $ 10
Ending balance, shares at Jun. 30, 2026 98,600,000 98,600,000