v3.26.3
Earnings (Loss) Per Common Share (Tables)
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted
The following table provides the computation of basic and diluted earnings (loss) per common share (EPS) (in millions, except share and per share amounts):
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Basic EPS:
Net income (loss)$(269)$(114)$(580)$12 
Weighted average common shares outstanding (in thousands)662,706 660,358 662,026 659,788 
Basic EPS$(0.41)$(0.17)$(0.88)$0.02 
Diluted EPS:
Net income (loss) for purposes of computing diluted EPS$(269)$(114)$(580)$12 
Share computation for diluted EPS (in thousands):
Basic weighted average common shares outstanding662,706 660,358 662,026 659,788 
Dilutive effect of restricted stock unit awards— — — 563 
Dilutive effect of certain PSP Warrants and Treasury Loan Warrants— — — 433 
Diluted weighted average common shares outstanding662,706 660,358 662,026 660,784 
Diluted EPS$(0.41)$(0.17)$(0.88)$0.02 
Schedule of Anti-Dilutive Securities Excluded From Calculation of Diluted EPS
The following were excluded from the calculation of diluted EPS because inclusion of such shares would be antidilutive (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Restricted stock unit awards1,055 1,873 1,401 1,424 
6.50% convertible senior notes (1)
— — — 20,576 
(1)On March 27, 2025, we provided notice to the holders of our 6.50% convertible senior notes due 2025 (Convertible Notes) that we would settle our Convertible Notes at their maturity in cash on July 1, 2025. As a result, we have excluded the Convertible Notes from the calculation of diluted EPS for the quarterly periods ended after March 31, 2025.