v3.26.3
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Common Stock in Treasury
Beginning balance (in shares) at Dec. 31, 2024   65.7        
Beginning balance at Dec. 31, 2024 $ 1,832 $ 1 $ 921 $ 1,964 $ (382) $ (672)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 21     21    
Other comprehensive loss – net of tax 32       32  
Stock compensation expense 10   10      
Vestings of restricted stock, net of employee tax withholdings (in shares)   0.4        
Vestings of restricted stock, net of employee tax withholdings (8)   (8)      
Compensation under stock-based plans – net (in shares)   0.2        
Compensation under stock-based plans – net 1   (5)     6
Dividends (11)     (11)    
Acquisition of Treasury Stock (in shares)   (0.8)        
Acquisition of treasury stock (33)         (33)
Other 0   1     1
Ending balance (in shares) at Mar. 31, 2025   65.5        
Ending balance at Mar. 31, 2025 1,844 $ 1 919 1,974 (350) (700)
Beginning balance (in shares) at Dec. 31, 2024   65.7        
Beginning balance at Dec. 31, 2024 1,832 $ 1 921 1,964 (382) (672)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 158          
Ending balance (in shares) at Sep. 30, 2025   64.9        
Ending balance at Sep. 30, 2025 2,017 $ 1 934 2,087 (284) (721)
Beginning balance (in shares) at Mar. 31, 2025   65.5        
Beginning balance at Mar. 31, 2025 1,844 $ 1 919 1,974 (350) (700)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 72     72    
Other comprehensive loss – net of tax 74       74  
Stock compensation expense 8   8      
Vestings of restricted stock, net of employee tax withholdings (1)   (1)      
Compensation under stock-based plans – net 2   2      
Dividends (11)     (11)    
Acquisition of Treasury Stock (in shares)   (0.6)        
Acquisition of treasury stock (22)         (22)
Other (1)   (1)      
Ending balance (in shares) at Jun. 30, 2025   64.9        
Ending balance at Jun. 30, 2025 1,965 $ 1 927 2,035 (276) (722)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 65     65    
Other comprehensive loss – net of tax (8)       (8)  
Stock compensation expense 7   7      
Dividends (12)     (12)    
Other 0     (1)   (1)
Ending balance (in shares) at Sep. 30, 2025   64.9        
Ending balance at Sep. 30, 2025 2,017 $ 1 934 2,087 (284) (721)
Beginning balance (in shares) at Dec. 31, 2025   64.9        
Beginning balance at Dec. 31, 2025 2,095 $ 1 942 2,139 (265) (722)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (89)     (89)    
Other comprehensive loss – net of tax (12)       (12)  
Stock compensation expense 36   36      
Vestings of restricted stock, net of employee tax withholdings (in shares)   0.7        
Vestings of restricted stock, net of employee tax withholdings (25)   (12)     (13)
Compensation under stock-based plans – net 1         1
Dividends (19)     (19)    
Issuance of common stock related to merger (in shares) [1]   47.9        
Issuance of common stock related to merger [1] 2,836   2,836      
Other (1)   (1)      
Ending balance (in shares) at Mar. 31, 2026   113.5        
Ending balance at Mar. 31, 2026 4,822 $ 1 3,801 2,031 (277) (734)
Beginning balance (in shares) at Dec. 31, 2025   64.9        
Beginning balance at Dec. 31, 2025 2,095 $ 1 942 2,139 (265) (722)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 135     135    
Ending balance (in shares) at Sep. 30, 2026   112.4        
Ending balance at Sep. 30, 2026 4,958 $ 1 3,829 2,216 (276) (812)
Beginning balance (in shares) at Mar. 31, 2026   113.5        
Beginning balance at Mar. 31, 2026 4,822 $ 1 3,801 2,031 (277) (734)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 110     110    
Stock compensation expense 15   15      
Vestings of restricted stock, net of employee tax withholdings (in shares)   0.1        
Vestings of restricted stock, net of employee tax withholdings (2)   (1)     (1)
Compensation under stock-based plans – net 2   2      
Dividends (20)     (20)    
Acquisition of treasury stock (3)         (3)
Other 1         (1)
Ending balance (in shares) at Jun. 30, 2026   113.6        
Ending balance at Jun. 30, 2026 4,925 $ 1 3,817 2,121 (277) (737)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 114     114    
Other comprehensive loss – net of tax 1       1  
Stock compensation expense 12   12      
Vestings of restricted stock, net of employee tax withholdings (1)   (1)      
Dividends (19)     (19)    
Acquisition of Treasury Stock (in shares)   (1.2)        
Acquisition of treasury stock (74)         (74)
Other 0   1     (1)
Ending balance (in shares) at Sep. 30, 2026   112.4        
Ending balance at Sep. 30, 2026 $ 4,958 $ 1 $ 3,829 $ 2,216 $ (276) $ (812)
[1]
(1) Includes stock-based compensation attributable to pre-combination services.