v3.26.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share
10. Earnings Per Share
The table below summarizes the basic and diluted earnings per share calculation for each period:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Net income$137 $42 $348 $108 
Basic weighted-average shares outstanding118 125 121 125 
Effect of potentially dilutive securities:
Restricted stock awards1
4 4 5 2 
Diluted weighted-average shares outstanding122 129 125 127 
Basic earnings per share
1.16 0.34 2.89 0.87 
Diluted earnings per share
1.12 0.33 2.78 0.85 
1No potential shares were excluded from the diluted earnings per share computation because of their antidilutive impact in the three and nine months ended September 30, 2026 and three and nine months ended September 30, 2025, respectively.
The weighted average number of shares is adjusted for the number of shares granted to the extent market conditions have been met at the balance sheet date and determined using the treasury stock method.
The Notes are evaluated for dilution using the if‑converted method. For the three and nine months ended September 30, 2026, as the average market price of the Company's common stock did not exceed the conversion price of $41.66, no incremental shares were included in diluted weighted-average shares outstanding.