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EARNINGS PER COMMON SHARE
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHARE
The following table presents a reconciliation of net income (loss) and weighted-average common shares used in calculating basic and diluted earnings per common share:
 
Three Months Ended September 30,Nine Months Ended September 30,
 
2025202420252024
(in millions, except per share data)
Weighted-average common shares outstanding:
Weighted-average common shares outstanding — basic
296.2 318.2 302.4 324.2 
Effect of dilutive potential common shares:
Employee share awards (1)— — — 3.5 
Weighted-average common shares outstanding — diluted
296.2 318.2 302.4 327.7 
Net income (loss):
Net income (loss)$(1,215)$28 $(1,348)$788 
Less: Net income (loss) attributable to the noncontrolling interest94 160 247 400 
Net income (loss) attributable to Holdings(1,309)(132)(1,595)388 
Less: Preferred stock dividends16 14 48 54 
Net income (loss) available to Holdings’ common shareholders$(1,325)$(146)$(1,643)$334 
Earnings per common share:
Basic$(4.47)$(0.46)$(5.43)$1.03 
Diluted$(4.47)$(0.46)$(5.43)$1.02 
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(1)Calculated using the treasury stock method.
For the three and nine months ended September 30, 2025 and 2024, 5.3 million, 5.6 million, 6.4 million and 3.0 million, respectively, of outstanding stock awards, were not included in the computation of diluted EPS because their effect was anti-dilutive.