v3.26.1
EARNINGS (LOSS) PER SHARE
3 Months Ended
Jun. 30, 2026
EARNINGS (LOSS) PER SHARE  
EARNINGS (LOSS) PER SHARE

NOTE 6. EARNINGS (LOSS) PER SHARE

We did not declare any dividends in the periods presented. The following table provides the computation of basic and diluted earnings (loss) per share of common stock for the three months ended June 30, 2026 and 2025.

Three Months Ended June 30,

(In millions, except per share amounts)

2026

2025

Net income (loss) on which basic and diluted earnings per share is calculated

$

(55)

$

56

Number of shares on which basic earnings (loss) per share is calculated

220.6

230.2

Dilutive effect of stock options and equity awards

8.9

Number of shares on which diluted earnings (loss) per share is calculated

220.6

239.1

Basic earnings (loss) per share

$

(0.25)

$

0.24

Diluted earnings (loss) per share

 

(0.25)

0.23

For the three months ended June 30, 2026, the number of shares on which basic and diluted earnings (loss) per share is calculated was the same as a result of the net loss incurred in the period. The following securities were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive:

Three Months Ended June 30,

(In millions)

2026

2025

Nonvested restricted stock units

7.4

0.8

Nonvested performance-conditioned stock units

4.3

3.4

Nonvested market-conditioned stock units

0.6

Stock options issued and outstanding

2.6

Total

14.8

4.3