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Earnings (Loss) per Share | 12 Months Ended
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Dec. 31, 2025
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. Loss per share is calculated by taking net loss divided by basic weighted-average common stock outstanding as participating rights do not share in losses. 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):
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
Basic: |  |  |  |  |
Net income (loss) | $ | (137) |  |  | $ | 85 |  |  | $ | (11) |
Less: net income attributable to participating rights | — |  |  | (1) |  |  | — |
Net income (loss) attributable to common stockholders | $ | (137) |  |  | $ | 84 |  |  | $ | (11) |
Weighted-average common shares outstanding, basic | 227,773,074 |  |  | 224,333,034 |  |  | 220,097,989 |
Earnings (loss) per share, basic | $ | (0.60) |  |  | $ | 0.37 |  |  | $ | (0.05) |
Diluted: |  |  |  |  |
Net income (loss) | $ | (137) |  |  | $ | 85 |  |  | $ | (11) |
Less: net income attributable to participating rights | — |  |  | (1) |  |  | — |
Net income (loss) attributable to common stockholders | $ | (137) |  |  | $ | 84 |  |  | $ | (11) |
Weighted-average common shares outstanding, basic | 227,773,074 |  |  | 224,333,034 |  |  | 220,097,989 |
Effect of dilutive potential common shares | — |  |  | 2,159,100 |  |  | — |
Weighted-average common shares outstanding, diluted | 227,773,074 |  |  | 226,492,134 |  |  | 220,097,989 |
Earnings (loss) per share, diluted | $ | (0.60) |  |  | $ | 0.37 |  |  | $ | (0.05) |
Due to the net loss for the years ended December 31, 2025 and 2023, diluted weighted-average shares outstanding are equal to basic weighted-average shares outstanding because the effect of all equity awards is anti-dilutive. Approximately 5,062,050 shares were excluded from the computation of diluted weighted-average shares for the year ended December 31, 2024, 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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