The following table presents the calculation of basic and diluted earnings per share (“EPS”): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | (in millions, except per share amounts) | | Numerator: | | | | | | | | | Net income (loss) attributable to stockholders | $ | 47 | | | $ | (5) | | | $ | 58 | | | $ | (62) | | | Earnings attributable to participating securities | — | | | — | | | (1) | | | — | | | Net income (loss) attributable to stockholders, net of earnings allocated to participating securities | $ | 47 | | | $ | (5) | | | $ | 57 | | | $ | (62) | | | Denominator: | | | | | | | | | Weighted average shares outstanding – basic | 200 | | | 199 | | | 200 | | | 199 | | | | | | | | | | | Weighted average shares outstanding – diluted | 200 | | | 199 | | | 200 | | | 199 | | | | | | | | | | Earnings (loss) per share – Basic(1) | $ | 0.24 | | | $ | (0.02) | | | $ | 0.29 | | | $ | (0.31) | | Earnings (loss) per share – Diluted(1) | $ | 0.24 | | | $ | (0.02) | | | $ | 0.29 | | | $ | (0.31) | |
_____________________________________ (1)Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented.
|