v3.26.1
Basic and Diluted Net Income per Share (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Net Income per Share The following table presents the calculation of basic and diluted net income per share under the two-class method:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Net income$24 $41 $36 $61 
Less: Net income attributable to noncontrolling interests(2)(7)1 (10)
Less: Preferred dividends(15)(10)(31)(10)
Net income attributable to Class A and Class C common stockholders - basic (a)
7 24 6 41 
Reallocation of net income from non-redeemable noncontrolling interests to Class A and Class C common stockholders due to effect of dilutive securities (a)
— 5 — 7 
Net income attributable to Class A and Class C common stockholders - diluted (a)
$7 $29 $6 $48 
Weighted average shares of Class A and Class C common stock outstanding - basic (a)
79,280,681 67,801,800 76,476,638 68,473,399 
Effect of dilutive securities:
LLC InterestsN/A19,801,028 N/A19,801,028 
RSUs and PRSUs362,626 1,000,864 541,924 1,267,710 
2025 Convertible NotesN/A659,565 N/A1,309,723 
Weighted average shares of Class A and Class C common stock outstanding - diluted (a)
79,643,307 89,263,257 77,018,562 90,851,860 
Net income per share attributable to Class A and Class C common stockholders: (a)
Basic$0.08 $0.35 $0.08 $0.59 
Diluted$0.08 $0.32 $0.08 $0.52 
(a)In prior periods, the Company presented basic and diluted net income per share separately for Class A and Class C common stock. In the current period, the Company elected to present a single net income per share amount for these classes as they have identical economic rights. Prior period amounts have been conformed to the current presentation.