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EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following tables present the calculation of our basic and diluted earnings per share (“EPS”) and the corresponding weighted average shares outstanding referenced in these calculations:
Three Months Ended September 30,Nine Months Ended September 30,
($ and shares outstanding in millions, except per share amounts)2026202520262025
Net income attributable to stockholders$291 $25 $369 $33 
Earnings per share(1)
Basic$3.78 $0.28 $4.65 $0.37 
Diluted$3.70 $0.28 $4.54 $0.36 
Basic weighted average shares outstanding
76.9 88.3 79.4 91.6 
RSUs(2), PSUs(3), Options(4) and ESPP
1.7 1.8 1.8 1.6 
Diluted weighted average shares outstanding
78.6 90.1 81.2 93.2 
(1)Earnings per share amounts are calculated using whole numbers.
(2) Excludes approximately 29,000 and 15,000 shares of RSUs that would have been anti-dilutive to EPS under the treasury stock method for the three and nine months ended September 30, 2026. Also excludes approximately 3,000 and 2,000 shares of RSUs that would have been anti-dilutive to EPS under the treasury stock method for the three and nine months ended September 30, 2025. These RSUs could potentially dilute EPS in the future.
(3) There were no shares of PSUs that would have been anti-dilutive to EPS under the treasury stock method for the three and nine months ended September 30, 2026 and 2025, respectively.
(4) Excludes approximately 507,000 and 548,000 shares of Options that would have been anti-dilutive to EPS under the treasury stock method for the three and nine months ended September 30, 2026. Also excludes approximately 608,000 and 1,157,000 shares of Options that would have been anti-dilutive to EPS under the treasury stock method for the three and nine months ended September 30, 2025. These Options could potentially dilute EPS in the future.
Share Repurchases
On July 29, 2025, our Board of Directors approved a share repurchase program authorizing us to repurchase up to an aggregate of $600 million of our outstanding shares of common stock over a two-year period (the “2025 Repurchase Plan”). On August 12, 2026, our Board of Directors approved an additional share repurchase program authorizing us to repurchase up to an aggregate of $600 million of our outstanding shares of common stock over a two-year period (the “2026 Repurchase Plan” and together with the 2025 Repurchase Plan, the “Repurchase Plans”). The 2026 Repurchase Plan will commence once the 2025 Repurchase Plan is fully completed.
The following table summarizes stock repurchase activity under the current and previous share repurchase programs as of September 30, 2026:
(in millions)SharesCost
As of December 31, 2025
56 $2,149 
Repurchases9 410 
As of September 30, 2026
65 $2,559 
As of October 22, 2026, we had $17 million of remaining availability under the 2025 Repurchase Plan and $600 million of remaining availability under the 2026 Repurchase Plan