v3.26.1
Earnings (Loss) Per Common 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 and diluted earnings (loss) per common share computation:        
Net loss $ (55) $ (59) $ (282) $ (50)
Less: Convertible Preferred Stock dividend (23) (23) (45) (45)
Less: Mandatory Convertible Preferred Stock dividend (8) (3) (16) (3)
Less: Undistributed earnings allocated to participating securities 0 0 0 0
Less: Series C Preferred Stock dividend (23) 0 (23) 0
Loss attributable to common shareholders - Basic (109) (85) (366) (98)
Loss attributable to common shareholders - Diluted $ (109) $ (85) $ (366) $ (98)
Weighted-average common shares (in shares) 725.3 522.7 713.9 466.4
Weighted-average Pre-Funded Warrants (in shares) 42.0 42.0 42.0 42.0
Total weighted-average common shares outstanding (in shares) 767.3 564.7 755.9 508.4
Basic loss per common share (in usd per share) $ (0.14) $ (0.15) $ (0.48) $ (0.19)
Diluted loss per common share (in usd per share) $ (0.14) $ (0.15) $ (0.48) $ (0.19)