v3.26.1
Condensed Consolidated Statements of Equity - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Non- controlling Interests
Beginning balance (in shares) at Dec. 31, 2024   203,000,000      
Beginning balance at Dec. 31, 2024 $ 3,594 $ 2 $ 4,063 $ (420) $ (51)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share-based compensation, net (in shares)   1,000,000      
Share-based compensation, net 0   (1) 1  
Net (loss) income (57)     (57)  
Dividends and dividend equivalents [1] (49)     (49)  
Distributions to noncontrolling interests (7)       (7)
Repurchases of common stock (in shares)   (4,000,000)      
Repurchase of common stock (45)   (45)    
Ending balance (in shares) at Mar. 31, 2025   200,000,000      
Ending balance at Mar. 31, 2025 3,436 $ 2 4,017 (525) (58)
Beginning balance (in shares) at Dec. 31, 2024   203,000,000      
Beginning balance at Dec. 31, 2024 3,594 $ 2 4,063 (420) (51)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net (loss) income (59)        
Ending balance (in shares) at Jun. 30, 2025   200,000,000      
Ending balance at Jun. 30, 2025 3,388 $ 2 4,022 (580) (56)
Beginning balance (in shares) at Mar. 31, 2025   200,000,000      
Beginning balance at Mar. 31, 2025 3,436 $ 2 4,017 (525) (58)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share-based compensation, net 5   5    
Net (loss) income (2)     (5) 3
Dividends and dividend equivalents [1] (50)     (50)  
Distributions to noncontrolling interests (1)       (1)
Ending balance (in shares) at Jun. 30, 2025   200,000,000      
Ending balance at Jun. 30, 2025 $ 3,388 $ 2 4,022 (580) (56)
Beginning balance (in shares) at Dec. 31, 2025 199,901,086 200,000,000      
Beginning balance at Dec. 31, 2025 $ 3,076 $ 2 4,031 (902) (55)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share-based compensation, net (in shares)   1,000,000      
Share-based compensation, net (4)   (8) 4  
Net (loss) income 12     11 1
Dividends and dividend equivalents [1] (50)     (50)  
Distributions to noncontrolling interests (1)       (1)
Ending balance (in shares) at Mar. 31, 2026   201,000,000      
Ending balance at Mar. 31, 2026 $ 3,033 $ 2 4,023 (937) (55)
Beginning balance (in shares) at Dec. 31, 2025 199,901,086 200,000,000      
Beginning balance at Dec. 31, 2025 $ 3,076 $ 2 4,031 (902) (55)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net (loss) income $ 62        
Ending balance (in shares) at Jun. 30, 2026 201,349,455 201,000,000      
Ending balance at Jun. 30, 2026 $ 3,033 $ 2 4,028 (940) (57)
Beginning balance (in shares) at Mar. 31, 2026   201,000,000      
Beginning balance at Mar. 31, 2026 3,033 $ 2 4,023 (937) (55)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Share-based compensation, net 5   5    
Net (loss) income 50     47 3
Dividends and dividend equivalents [1] (50)     (50)  
Distributions to noncontrolling interests $ (5)       (5)
Ending balance (in shares) at Jun. 30, 2026 201,349,455 201,000,000      
Ending balance at Jun. 30, 2026 $ 3,033 $ 2 $ 4,028 $ (940) $ (57)
[1] Dividends declared per common share were $0.25 for each of the three months ended March 31, 2026, June 30, 2026, March 31, 2025 and June 30, 2025.