Stockholders’ Equity (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of accumulated other comprehensive loss ("AOCI")

Changes in accumulated other comprehensive loss (“AOCI”) by component, net of income taxes, for the six months ended June 30, 2026 were as follows:


	Currency Translation Adjustments		Cash Flow Hedges		Total AOCI
	(in millions)
Balance as of December 31, 2025	$	(7)	$	—	$	(7)
Accumulated other comprehensive income before reclasses, net of taxes	(2)		11		9
Reclasses from accumulated other comprehensive income, net of taxes	—		(1)		(1)
Balance as of June 30, 2026	$	(9)	$	10	$	1

Schedule of earnings per share

Weighted-Average Common Shares Outstanding


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025(a)	2026	2025(a)
	(in thousands)
Weighted-average number of common shares outstanding - basic (b)	140,709	144,169	142,223	144,169
Effect of dilutive securities	591	—	311	—
Weighted-average number of common shares outstanding - diluted (b)	141,300	144,169	142,534	144,169

Weighted average antidilutive securities	1,071	—	1,545	—

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(a) For periods prior to the Separation on January 2, 2026, the computation of basic and diluted earnings per share was calculated using shares of Versant common stock outstanding on the date of the Separation.

(b) Includes Class A and Class B common stock.