v3.26.1
Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share Earnings (Loss) per Share
The Company did not declare any common stock dividends in the periods presented.
The following table sets forth the computation of basic and diluted earnings (loss) per share of common stock:
Three Months Ended
June 30,		Six Months Ended
June 30,
(in millions, except per share data in whole dollars and shares in thousands)2026202520262025
Basic Net Earnings (Loss) per Share:
Net Income (Loss) from Continuing Operations$(69)$(42)$(91)$(98)
Net Income (Loss) from Discontinued Operations(47)2 (58)7 
Net Income (Loss)(116)(40)(149)(91)
Dividend - Preferred Stock(3)(3)(5)(5)
Adjusted Net Income (Loss) Available to Common Shareholders - Basic$(119)$(43)$(154)$(96)
Diluted Net Earnings (Loss) per Share:
Net Income (Loss) from Continuing Operations$(69)$(42)$(91)$(98)
Net Income (Loss) from Discontinued Operations(47)2 (58)7 
Net Income (Loss)(116)(40)(149)(91)
Dividend - Preferred Stock(3)(3)(5)(5)
Adjusted Net Income (Loss) Available to Common Shareholders - Diluted$(119)$(43)$(154)$(96)
Weighted Average Common Shares Outstanding - Basic155,288 161,162 155,095 161,448 
Common Shares Issuable With Respect To:
Restricted Stock and Performance Units / Shares— — — — 
8% Convertible Preferred Stock— — — — 
Weighted Average Common Shares Outstanding - Diluted155,288 161,162 155,095 161,448 
Net Earnings (Loss) per Share:
Basic:
Continuing operations$(0.46)$(0.27)$(0.62)$(0.63)
Discontinued operations(0.30)0.01 (0.37)0.04 
Basic net income (loss) per share$(0.76)$(0.26)$(0.99)$(0.59)
Diluted:
Continuing operations$(0.46)$(0.27)$(0.62)$(0.63)
Discontinued operations(0.30)0.01 (0.37)0.04 
Diluted net income (loss) per share$(0.76)$(0.26)$(0.99)$(0.59)
The following securities were not included in the computation of diluted earnings per share as they were either contingently issuable shares or shares that if included would have been anti-dilutive (shares in thousands):
Restricted stock and performance shares/units12,307 19,849 12,891 17,615 
Convertible preferred stock5,393 5,393 5,393 5,393 
Total Anti-Dilutive and Contingently Issuable Securities17,700 25,242 18,284 23,008