First Quarter

(In millions, except per share amounts)

2025

2024

Basic Earnings (Loss) Per Share

Numerator:

Net income (loss) from continuing operations

$

(29

)

$

31

Loss from discontinued operations, net of tax

—

(16

)

Net income (loss)

$

(29

)

$

15

Denominator:

Weighted-average shares outstanding

30

37

Basic earnings (loss) per share

Continuing operations

$

(0.97

)

$

0.86

Discontinued operations

—

(0.44

)

Net basic earnings (loss) per share

$

(0.97

)

$

0.42

Diluted Earnings (Loss) Per Share

Numerator:

Net income (loss) from continuing operations

$

(29

)

$

31

Loss from discontinued operations, net of tax

—

(16

)

Net income (loss)

$

(29

)

$

15

Denominator:

Weighted-average shares outstanding

30

37

Effect of dilutive securities:

Stock options and restricted stock

—

1

Diluted weighted-average shares outstanding

30

38

Diluted earnings (loss) per share

Continuing operations

$

(0.97

)

$

0.83

Discontinued operations

—

(0.43

)

Net diluted earnings (loss) per share

$

(0.97

)

$

0.40