v3.26.1
Condensed Consolidated Statements of Shareholders' Equity - USD ($)
$ in Millions
Total
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings (Deficit)
AOCL
 [1]
Non-controlling Interest
Balance at period start at Dec. 31, 2024 $ 843 $ 2 $ (210) $ 3,952 $ (2,433) $ (472) $ 4
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends - preferred stock (5)       (5)    
Stock incentive plans, net 8     8      
Treasury stock purchases (8)   (8)        
Buyback of noncontrolling interest (5)     (1)     (4)
Comprehensive Income (Loss):              
Net income (loss) (91)       (91)    
Other comprehensive income (loss), net 35 [2]         35  
Comprehensive Income (Loss), Net (56)       (91) 35  
Balance at period end at Jun. 30, 2025 777 2 (218) 3,959 (2,529) (437) 0
Balance at period start at Mar. 31, 2025 804 2 (210) 3,955 (2,486) (461) 4
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends - preferred stock (3)       (3)    
Stock incentive plans, net 5     5      
Treasury stock purchases (8)   (8)        
Buyback of noncontrolling interest (5)     (1)     (4)
Comprehensive Income (Loss):              
Net income (loss) (40)       (40)    
Other comprehensive income (loss), net 24 [2]         24  
Comprehensive Income (Loss), Net (16)       (40) 24  
Balance at period end at Jun. 30, 2025 777 2 (218) 3,959 (2,529) (437) 0
Balance at period start at Dec. 31, 2025 685 2 (235) 3,968 (2,613) (437) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends - preferred stock (5)       (5)    
Stock incentive plans, net 1     1      
Treasury stock purchases 0   0        
Buyback of noncontrolling interest 0     0     0
Comprehensive Income (Loss):              
Net income (loss) (149)       (149)    
Other comprehensive income (loss), net (6) [2]         (6)  
Comprehensive Income (Loss), Net (155)       (149) (6)  
Balance at period end at Jun. 30, 2026 526 2 (235) 3,969 (2,767) (443) 0
Balance at period start at Mar. 31, 2026 641 2 (235) 3,968 (2,648) (446) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Dividends - preferred stock (3)       (3)    
Stock incentive plans, net 1     1      
Treasury stock purchases 0   0        
Buyback of noncontrolling interest 0            
Comprehensive Income (Loss):              
Net income (loss) (116)       (116)    
Other comprehensive income (loss), net 3 [2]         3  
Comprehensive Income (Loss), Net (113)       (116) 3  
Balance at period end at Jun. 30, 2026 $ 526 $ 2 $ (235) $ 3,969 $ (2,767) $ (443) $ 0
[1] AOCL - Accumulated other comprehensive loss. Refer to Note 11 – Accumulated Other Comprehensive Loss for the components of AOCL.
The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.
[2] All amounts are net of tax. Tax effects were immaterial.