Third Quarter

Year-to-Date

(In millions, except per share amounts)

2025

2024

2025

2024

Basic Earnings (Loss) Per Share

Numerator:

Net income (loss) from continuing operations

$

23

$

68

$

(6

)

$

95

Loss from discontinued operations, net of tax

—

(10

)

—

(95

)

Net income (loss)

$

23

$

58

$

(6

)

$

—

Denominator:

Weighted-average shares outstanding

30

33

30

35

Basic earnings (loss) per share

Continuing operations

$

0.75

$

2.06

$

(0.21

)

$

2.72

Discontinued operations

—

(0.31

)

—

(2.71

)

Net basic earnings (loss) per share

$

0.75

$

1.75

$

(0.21

)

$

0.01

Diluted Earnings (Loss) Per Share

Numerator:

Net income (loss) from continuing operations

$

23

$

68

$

(6

)

$

95

Loss from discontinued operations, net of tax

—

(10

)

—

(95

)

Net income (loss)

$

23

$

58

$

(6

)

$

—

Denominator:

Weighted-average shares outstanding

30

33

30

35

Effect of dilutive securities:

Stock options and restricted stock

1

—

—

1

Diluted weighted-average shares outstanding

31

33

30

36

Diluted earnings (loss) per share

Continuing operations

$

0.72

$

2.04

$

(0.21

)

$

2.65

Discontinued operations

—

(0.31

)

—

(2.64

)

Net diluted earnings (loss) per share

$

0.72

$

1.73

$

(0.21

)

$

0.01