v3.26.3
EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted EPS
The following table presents the calculation of basic and diluted EPS, for the three and nine months ended September 30, 2026 and 2025:

Three months ended
September 30,
Nine months ended
September 30,
2026202520262025
(in millions, except per-share amounts)
Numerator for Basic and Diluted EPS
Net (loss) income$(315)$64 $(512)$351 
Denominator for Basic EPS
Weighted-average shares88.7 83.7 88.7 87.8 
Potential common shares, if dilutive:
Restricted stock units
— 0.4 — 0.3 
Performance stock units
— 0.3 — 0.3 
Denominator for Diluted EPS
Weighted-average shares88.7 84.4 88.7 88.4 
EPS
Basic $(3.55)$0.76 $(5.77)$4.00 
Diluted$(3.55)$0.76 $(5.77)$3.97 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table presents potentially dilutive weighted-average common shares which were excluded from the denominator for EPS in periods of losses:

Three months ended
September 30,
Nine months ended
September 30,
2026202520262025
(in millions)
(in millions)
Shares issuable upon settlement of RSUs
1.0 — 1.0 — 
Shares issuable upon settlement of PSUs
0.9 — 0.9 — 
Total antidilutive shares
1.9 — 1.9 —