Basic earnings (loss) per common share (EPS) are calculated using the weighted average number of shares of common stock outstanding during each period. A reconciliation of the numerators and denominators of the basic and diluted EPS calculations on a GAAP basis follows.


	Three Months Ended June 30,				Six Months Ended June 30,
(In millions, except per share data)	2026		2025		2026		2025
Numerator:
Net income	$	25	$	14	$	42	$	11
Denominator:
Weighted average shares used to compute basic EPS		94		100		94		101
Effect of dilutive securities:
Dilutive effect of restricted stock, restricted stock units, performance stock units, and Employee Stock Purchase Plan (ESPP)(1)		1		1		1		1
Dilutive potential common shares(2)		1		1		1		1
Weighted average shares used to compute diluted EPS		95		101		95		102
Basic earnings per common share	$	.27	$	.14	$	.44	$	.11
Diluted earnings per common share	$	.26	$	.13	$	.44	$	.11

(1)

Includes the potential dilutive effect of additional common shares that are issuable upon the vesting of restricted stock, restricted stock units and performance stock units and the outstanding commitment to issue shares under the ESPP, determined by the treasury stock method.

(2)

For all periods presented, there were no shares outstanding that were excluded from the computation of diluted earnings per share because they were anti-dilutive.