XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Computation of Earnings per Common Share (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Computation of Basic and Diluted Earnings Per Share of Common Stock | The following table reflects basic and diluted weighted average shares and net income (loss) per share giving effect to the reverse stock split as if it had been effective for all periods presented (See Note 19 - Subsequent Events):
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions, except share and per share amounts) | 2024 |  | 2023 |  | 2024 |  | 2023
Net (loss) income available to common stockholders | $ | (333) |  |  | $ | 405 |  |  | $ | (668) |  |  | $ | 2,403 |
Less: Dividends paid on and earnings allocated to participating securities | — |  |  | (4) |  |  | — |  |  | (26) |
(Loss) earnings applicable to common stock | $ | (333) |  |  | $ | 401 |  |  | $ | (668) |  |  | $ | 2,377 |
Weighted average common shares outstanding(1) | 293,122,116 |  | 240,754,856 |  | 269,902,354 |  | 234,895,240
Basic (loss) earnings per common share | $ | (1.14) |  |  | $ | 1.66 |  |  | $ | (2.48) |  |  | $ | 10.12 |
(Loss) earnings applicable to common stock | $ | (333) |  |  | $ | 401 |  |  | $ | (668) |  |  | $ | 2,377 |
Weighted average common shares outstanding(1) | 293,122,116 |  | 240,754,856 |  | 269,902,354 |  | 234,895,240
Potential dilutive common shares | — |  | 487,475 |  | — |  | 470,508
Total shares for diluted earnings per common share computation(1) | 293,122,116 |  |  | 241,242,331 |  | 269,902,354 |  |  | 235,365,748
Diluted (loss) earnings per common share and common share equivalents | $ | (1.14) |  |  | $ | 1.66 |  |  | $ | (2.48) |  |  | $ | 10.10 |
(1)On June 27, 2024, the Company announced a 1 for 3 reverse stock split, which was effected July 11, 2024. This reverse stock split is reflected retroactively in all periods presented. See Note 19 - Subsequent Events.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration