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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)2024202320242023
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)
293,122,116240,754,856269,902,354234,895,240
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)
293,122,116240,754,856269,902,354234,895,240
Potential dilutive common shares—487,475—470,508
Total shares for diluted earnings per common share computation(1)
293,122,116 241,242,331269,902,354 235,365,748
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.