EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2025

The following tables present the calculation of our basic and diluted earnings per share (“EPS”) and the corresponding weighted average shares outstanding referenced in these calculations:


	Three Months Ended September 30,				Nine Months Ended September 30,
($ and shares outstanding in millions, except per share amounts)	2025		2024		2025		2024
Basic EPS:
Numerator:
Net income attributable to stockholders	$	25	$	29	$	33	$	27
Denominator:
Weighted average shares outstanding	88.3		101.0		91.6		103.2
Basic EPS(1)	$	0.28	$	0.28	$	0.37	$	0.26
Diluted EPS:
Numerator:
Net income attributable to stockholders	$	25	$	29	$	33	$	27
Denominator:
Weighted average shares outstanding	90.1		102.0		93.2		104.4
Diluted EPS(1)	$	0.28	$	0.28	$	0.36	$	0.26

Basic weighted average shares outstanding	88.3		101.0		91.6		103.2
RSUs(2), PSUs(3), Options(4) and ESPP	1.8		1.0		1.6		1.2
Diluted weighted average shares outstanding	90.1		102.0		93.2		104.4

(1)Earnings per share amounts are calculated using whole numbers.

(2) Excludes approximately 3,000 and 2,000 shares of RSUs that would have been anti-dilutive to EPS under the treasury stock method for the three and nine months ended September 30, 2025, respectively. Also excludes approximately 42,000 and 214,000 shares of RSUs that would have been anti-dilutive to EPS under the treasury stock method for the three and nine months ended September 30, 2024, respectively. These RSUs could potentially dilute EPS in the future.

(3) Excludes approximately 14,000 and 9,000 shares of PSUs that would have been anti-dilutive to EPS under the treasury stock method for the three and nine months ended September 30, 2024, respectively. These PSUs could potentially dilute EPS in the future. There were no anti-dilutive PSUs for the three and nine months ended September 30, 2025.

(4) Excludes approximately 608,000 and 1,157,000 shares of Options that would have been anti-dilutive to EPS under the treasury stock method for the three and nine months ended September 30, 2025, respectively. Also excludes approximately 1,209,000 and 1,120,000 shares of Options that would have been anti-dilutive to EPS under the treasury stock method for the three and nine months ended September 30, 2024, respectively. These Options could potentially dilute EPS in the future.

Share Repurchases

On August 7, 2024, our Board of Directors approved a share repurchase program authorizing us to repurchase up to an aggregate of $500 million of our outstanding shares of common stock over a two-year period (the “2024 Repurchase Plan”). On July 29, 2025, our Board of Directors approved a new share repurchase program authorizing us to repurchase up to an aggregate of $600 million of its outstanding shares of common stock over a two-year period (the “2025 Repurchase Plan” and together with the 2024 Repurchase Plan, the “Repurchase Plans”), which is in addition to the 2024 Repurchase

Plan. The following table summarizes stock repurchase activity under the current and previous share repurchase programs as of September 30, 2025:


(in millions)	Shares	Cost
As of December 31, 2024	41	$	1,549
Repurchases	11	450
As of September 30, 2025	52	$	1,999

From October 1, 2025 through October 23, 2025, we repurchased approximately 1.1 million shares for $47 million. As of October 23, 2025, we had $531 million of remaining availability under the 2025 Repurchase Plan and none under the 2024 Repurchase Plan.