v3.26.1
Earnings/(loss) per share (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of calculation of basic and diluted EPS/(LPS)
The components of the numerator for the calculation of basic and diluted EPS/(LPS) were as follows:
Three months ended June 30,Six months ended June 30,
(In $ millions)2026202520262025
Net income/(loss) available to stockholders29 (42)22 (56)
Effect of dilution (interest on unsecured senior convertible bond)2 1 3 3 
Diluted income/(loss) available to stockholders31 (41)25 (53)
The components of the denominator for the calculation of basic and diluted EPS/(LPS) were as follows:
Three months ended June 30,Six months ended June 30,
 (In millions)2026202520262025
Basic earnings/(loss) per share:
Weighted average number of common shares outstanding (1)
62 62 62 62 
Diluted earnings/(loss) per share:
Effect of dilution3 3 3 3 
Weighted average number of common shares outstanding adjusted for the effects of dilution65 65 65 65 
(1) Weighted average number of Shares outstanding in the three and six months ended June 30, 2026 considers the impact of shares repurchased during the period.
The basic and diluted EPS/(LPS) were as follows:
Three months ended June 30,Six months ended June 30,
(In $)2026202520262025
Basic earnings/(loss) per share0.47(0.68)0.36(0.91)
Diluted earnings/(loss) per share (1)
0.47(0.68)0.36(0.91)
(1) For the three and six months ended June 30, 2025, the effect of including all potentially dilutive instruments in the calculation resulted in decreased loss per share, which is anti-dilutive. As a result, the basic and diluted loss per share are equal.