v3.26.1
EARNINGS PER COMMON SHARE (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Basic and Diluted Earning Per Common Shares
A reconciliation of the components of basic and diluted earnings per common share is presented in the table below:

Three Months Ended June 30,Six Months Ended June 30,
2026
2025
2026
2025
(In millions, except per share amounts, shares in thousands)
Net income (loss) attributable to the period$142 $37 $239 $112 
Less: distributed and undistributed earnings allocated to participating securities(1)
— — 
Net income (loss) attributable to common stockholders$141 $37 $238 $112 
Weighted average common shares outstanding:
Basic weighted average common shares outstanding193,733 131,107 187,553 126,045 
Effect of dilutive securities:
Potential common shares issuable(2)
— 49 — 115 
Diluted weighted average common shares outstanding193,733 131,156 187,553 126,160 
Net income (loss) per common share, basic$0.73 $0.28 $1.27 $0.89 
Net income (loss) per common share, diluted$0.73 $0.28 $1.27 $0.89 
(1)Unvested restricted stock units and performance restricted stock units that contain non-forfeitable dividend equivalent rights are considered participating securities and are therefore included in the earnings per share calculation pursuant to the two-class method.
(2)For the three and six months ended June 30, 2026, and 2025, there were no other significant potential common shares excluded from the computation of diluted earnings per common share.