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Earnings (Loss) per Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Earnings (Loss) per Share | Earnings (Loss) per Share Basic and diluted earnings (loss) per share are computed pursuant to the two-class method. Under the two-class method, the Company attributes net income to common stock and other participating rights (including those with vested share-based awards). Basic earnings per share is calculated by taking net income, less earnings allocated to participating rights, divided by the basic weighted-average common stock outstanding. In accordance with the two-class method, diluted earnings per share is calculated using the more dilutive impact of the treasury-stock method or from reducing net income for the earnings allocated to participating rights. The following table sets forth the computation of earnings (loss) per share on a basic and diluted basis pursuant to the two-class method for the periods indicated (in millions, except for share and per share data):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Basic: |  |  |  |  |  |  |
Net income (loss) | $ | 31 |  |  | $ | 71 |  |  | $ | 5 |  |  | $ | 58 |
Less: net income attributable to participating rights | — |  |  | (2) |  |  | — |  |  | (2) |
Net income (loss) attributable to common stockholders | $ | 31 |  |  | $ | 69 |  |  | $ | 5 |  |  | $ | 56 |
Weighted-average common shares outstanding, basic | 224,214,030 |  |  | 219,402,647 |  |  | 223,822,565 |  |  | 218,792,850 |
Earnings (loss) per share, basic | $ | 0.14 |  |  | $ | 0.32 |  |  | $ | 0.02 |  |  | $ | 0.26 |
Diluted: |  |  |  |  |  |  |
Net income (loss) | $ | 31 |  |  | $ | 71 |  |  | $ | 5 |  |  | $ | 58 |
Less: net income attributable to participating rights | — |  |  | (2) |  |  | — |  |  | (2) |
Net income (loss) attributable to common stockholders | $ | 31 |  |  | $ | 69 |  |  | $ | 5 |  |  | $ | 56 |
Weighted-average common shares outstanding, basic | 224,214,030 |  |  | 219,402,647 |  |  | 223,822,565 |  |  | 218,792,850 |
Effect of dilutive potential common shares | 2,389,768 |  |  | 1,023,012 |  |  | 2,380,811 |  |  | 1,430,423 |
Weighted-average common shares outstanding, diluted | 226,603,798 |  |  | 220,425,659 |  |  | 226,203,376 |  |  | 220,223,273 |
Earnings (loss) per share, diluted | $ | 0.14 |  |  | $ | 0.31 |  |  | $ | 0.02 |  |  | $ | 0.26 |
Approximately 5,007,745 and 5,154,621 shares were excluded from the computation of diluted weighted-average shares for the three and six months ended June 30, 2024, respectively, due to anti-dilutive effects. Approximately 2,886,151 and 2,264,024 shares were excluded from the computation of diluted weighted-average shares for the three and six months ended 2023, respectively, due to anti-dilutive effects.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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