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EARNINGS PER COMMON SHARE
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHARE
Basic earnings per share (EPS) is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Net income available to common stockholders reflects the deduction of dividends declared on our preferred stock. Diluted EPS reflects the assumed conversion of unvested restricted stock awards pursuant to the Treasury Stock method.
The following table sets forth the computation of basic and diluted EPS attributable to common stockholders for the periods presented:

Three Months Ended June 30,Six Months Ended June 30,
2026 202520262025
(Millions, except per share amounts)
Numerator
Income from continuing operations$146 $139 $328 $280 
Loss from discontinued operations, net of income taxes (1)
— — — (4)
Net income146 139 328 $276 
Less: Preferred stock dividends(2)— (4)— 
Net income available to common stockholders$144 $139 $324 $276 
Denominator
Weighted average common stock outstanding – basic39.9 46.7 41.3 47.8 
Add: net effect of dilutive unvested restricted stock awards (2)
0.8 0.5 0.6 0.6 
Weighted average common stock outstanding – diluted40.7 47.2 41.9 48.4 
Basic EPS
Income from continuing operations$3.62 $2.96 $7.83 $5.86 
Income (loss) from discontinued operations$— $0.01 $— $(0.08)
Net income per share$3.62 $2.97 $7.83 $5.78 
Diluted EPS
Income from continuing operations$3.55 $2.93 $7.72 $5.79 
Income (loss) from discontinued operations$— $0.01 $— $(0.08)
Net income per share$3.55 $2.94 $7.72 $5.71 
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(1)Includes amounts that related to the previously disclosed discontinued operations associated with the spinoff of our former LoyaltyOne segment in 2021 and the sale of our former Epsilon segment in 2019. For additional information, refer to Note 1, “Description of Business, Basis of Presentation and Significant Accounting Policies” to the unaudited Consolidated Financial Statements.
(2)As the effect would have been anti-dilutive, for both the three and six months ended June 30, 2025, approximately 0.8 million restricted stock awards were excluded from the calculation of weighted average dilutive common shares. There were no anti-dilutive restricted stock awards for the three and six months ended June 30, 2026.