Share-based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of share-based compensation, expense


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(in millions)
Share-based compensation expense	$	16	$	10	$	33	$	14

Disclosure of share-based compensation arrangements by share-based payment award

The following table presents our share-based compensation activity for the six months ended June 30, 2026:


	RSUs			PSUs (a)
	Number of Shares	Weighted-Average Grant Date Fair Value		Number of Shares	Weighted-Average Grant Date Fair Value
Converted at Separation (b)	1,561,168	$	55.68	—	$	—
Granted	2,025,811	$	36.11	892,018	$	38.36
Vested	82,818	$	54.72	—	$	—
Forfeited	37,577	$	42.24	—	$	—
Outstanding - June 30, 2026	3,466,584	$	44.40	892,018	$	42.21

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(a) Amounts represent the number of PSUs in agreements with senior executives. For awards with performance targets not yet approved or subject to adjustment, fair values are presented at the time agreements are approved and as of the end of the period.

(b) Amounts represent awards outstanding prior to the Separation with the number of shares and fair value adjusted to reflect the impacts of the conversion formula as outlined in the employee matters agreement.