v3.26.1
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock [Member]
Additional Paid-In Capital [Member]
Retained Earnings (Deficit) [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Treasury Stock Common [Member]
Noncontrolling Interests [Member]
Beginning balance at Dec. 31, 2024 $ 1,128 $ 1 $ 2,023 $ (747) $ (153) $ 0 $ 4
Beginning balance, shares at Dec. 31, 2024   106,000,000          
Net income (loss) 22     21     1
Common stock repurchased (8)         (8)  
Common stock retired     (5)     5  
Stock-based compensation 4   4        
Exercise of stock options 1   1        
Shares withheld for taxes (7)   (7)        
Other comprehensive income (loss) 3       3    
Ending balance at Mar. 31, 2025 1,143 $ 1 2,016 (726) (150) (3) 5
Ending balance, shares at Mar. 31, 2025   106,000,000          
Beginning balance at Dec. 31, 2024 1,128 $ 1 2,023 (747) (153) $ 0 4
Beginning balance, shares at Dec. 31, 2024   106,000,000          
Net income (loss) 36            
Common stock retired, shares           (1,711,235)  
Other comprehensive income (loss)         11    
Ending balance at Jun. 30, 2025 1,149 $ 1 1,997 (712) (142) $ 0 5
Ending balance, shares at Jun. 30, 2025   105,000,000          
Beginning balance at Mar. 31, 2025 1,143 $ 1 2,016 (726) (150) (3) 5
Beginning balance, shares at Mar. 31, 2025   106,000,000          
Net income (loss) 14     14      
Common stock repurchased (19)         $ (19)  
Common stock retired, shares   (1,000,000)       (1,267,429)  
Common stock retired     (22)     $ 22  
Stock-based compensation 4   4        
Exercise of stock options (1)   (1)        
Other comprehensive income (loss) 8       8    
Ending balance at Jun. 30, 2025 1,149 $ 1 1,997 (712) (142) 0 5
Ending balance, shares at Jun. 30, 2025   105,000,000          
Beginning balance at Dec. 31, 2025 2,238 $ 2 3,193 (836) (126) 0 5
Beginning balance, shares at Dec. 31, 2025   186,000,000          
Net income (loss) (44)     (44)      
Common stock repurchased (51)         (51)  
Common stock retired, shares   (4,000,000)          
Common stock retired     (51)     51  
Stock-based compensation 5   5        
Vesting of restricted stock, shares   1,000,000          
Shares withheld for taxes (5)   (5)        
Ending balance at Mar. 31, 2026 2,143 $ 2 3,142 (880) (126) 0 5
Ending balance, shares at Mar. 31, 2026   183,000,000          
Beginning balance at Dec. 31, 2025 2,238 $ 2 3,193 (836) (126) $ 0 5
Beginning balance, shares at Dec. 31, 2025   186,000,000          
Net income (loss) (65)            
Common stock retired, shares           (6,057,772)  
Other comprehensive income (loss)         (5)    
Ending balance at Jun. 30, 2026 2,098 $ 2 3,123 (901) (131) $ 0 5
Ending balance, shares at Jun. 30, 2026   181,000,000          
Beginning balance at Mar. 31, 2026 2,143 $ 2 3,142 (880) (126) 0 5
Beginning balance, shares at Mar. 31, 2026   183,000,000          
Net income (loss) (21)     (21)      
Common stock repurchased (24)         $ (24)  
Common stock retired, shares   (2,000,000)       (1,855,844)  
Common stock retired     (24)     $ 24  
Stock-based compensation 5   5        
Other comprehensive income (loss) (5)       (5)    
Ending balance at Jun. 30, 2026 $ 2,098 $ 2 $ 3,123 $ (901) $ (131) $ 0 $ 5
Ending balance, shares at Jun. 30, 2026   181,000,000