Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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)						2026						2025						2026						2025
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 - Basic						155,288						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 - Diluted						155,288						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/units						12,307						19,849						12,891						17,615

Convertible preferred stock						5,393						5,393						5,393						5,393
Total Anti-Dilutive and Contingently Issuable Securities						17,700						25,242						18,284						23,008