v3.26.1
EARNINGS PER SHARE - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Basic earnings per common share:        
Less: Deemed dividends on perpetual preferred stock $ (3) $ (3) $ (15) $ (15)
Diluted earnings per common share:        
Less: Deemed dividends on perpetual preferred stock (3) (3) $ (15) $ (15)
Diluted earnings per common share (in dollars per share)     $ (0.11) $ (0.60)
Class A        
Basic earnings per common share:        
Allocation of net income (loss) 16   $ (9)  
Less: Deemed dividends on perpetual preferred stock (3)   (13)  
Net income (loss) attributable to common shareholders, basic $ 13   $ (22)  
Weighted average common shares outstanding - Basic (in shares) 215   196  
Basic earnings per common share (in dollars per share) $ 0.07   $ (0.11)  
Diluted earnings per common share:        
Allocation of net income (loss) $ 16   $ (9)  
Less: Deemed dividends on perpetual preferred stock (3)   (13)  
Net income (loss) attributable to common shareholders, diluted $ 13   $ (22)  
Weighted average common shares outstanding - Diluted (in shares) 222   196  
Diluted earnings per common share (in dollars per share) $ 0.06   $ (0.11)  
Class B        
Basic earnings per common share:        
Allocation of net income (loss) $ 3   $ (1)  
Less: Deemed dividends on perpetual preferred stock 0   (2)  
Net income (loss) attributable to common shareholders, basic $ 3   $ (3)  
Weighted average common shares outstanding - Basic (in shares) 38   32  
Basic earnings per common share (in dollars per share) $ 0.07   $ (0.11)  
Diluted earnings per common share:        
Allocation of net income (loss) $ 3   $ (1)  
Less: Deemed dividends on perpetual preferred stock 0   (2)  
Net income (loss) attributable to common shareholders, diluted $ 3   $ (3)  
Weighted average common shares outstanding - Diluted (in shares) 38   32  
Diluted earnings per common share (in dollars per share) $ 0.07   $ (0.11)  
Common Stock        
Basic earnings per common share:        
Allocation of net income (loss)   16   $ (32)
Less: Deemed dividends on perpetual preferred stock   (3)   (15)
Net income (loss) attributable to common shareholders, basic   $ 13   $ (47)
Weighted average common shares outstanding - Basic (in shares)   78   78
Basic earnings per common share (in dollars per share)   $ 0.17   $ (0.60)
Diluted earnings per common share:        
Allocation of net income (loss)   $ 16   $ (32)
Less: Deemed dividends on perpetual preferred stock   (3)   (15)
Net income (loss) attributable to common shareholders, diluted   $ 13   $ (47)
Weighted average common shares outstanding - Diluted (in shares)   226   78
Diluted earnings per common share (in dollars per share)   $ 0.06   $ (0.60)