On May 27, 2026, the Company effected a recapitalization pursuant to an amendment to its certificate of incorporation, whereby our 100 issued and outstanding shares of common stock were reclassified and converted into 149,505,248 shares of common stock. As the common stock par value remained $0.10 per share, the recapitalization resulted in a corresponding increase in Common Stock in the accompanying Condensed Consolidated Balance Sheets. All historical share and per-share amounts presented herein have been retrospectively adjusted to reflect this recapitalization.

The calculation of basic and diluted earnings per common share for the three- and four-month periods ended September 30, 2026 and 2025 was as follows (in millions, except earnings per share):


	Three Months Ended				Four Months Ended
	September 30, 2026		September 30, 2025		September 30, 2026		September 30, 2025
Numerator:
Net earnings allocable to common shares (1)	$	147	$	291	$	230	$	404
Denominator:
Weighted-average common shares for basic earnings per common share	149.5		149.5		149.5		149.5
Dilutive effect of stock options and RSUs	0.4		—		0.4		—
Weighted-average common shares for diluted earnings per common share	149.9		149.5		149.9		149.5
Basic earnings per common share	$	0.98	$	1.95	$	1.54	$	2.70
Diluted earnings per common share	$	0.98	$	1.95	$	1.54	$	2.70

(1)Net earnings allocated to participating securities were immaterial for the three- and four-month periods ended September 30, 2026.

Anti-dilutive share-based awards excluded from the computation of diluted earnings per common share were immaterial for the three- and four-month periods ended September 30, 2026.