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Earnings (Loss) Per Share (Tables) | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table sets forth the computation of basic and diluted earnings (loss) per share of common stock:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions, except per share data in whole dollars and shares in thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Basic Net Earnings (Loss) per Share: |  |  |  |  |  |  |  |
Net Income (Loss) |  | $ | (46) |  |  | $ | 123 |  |  | $ | (137) |  |  | $ | 438 |
Dividend - Preferred Stock |  | (2) |  |  | (2) |  |  | (7) |  |  | (7) |
Adjusted Net Income (Loss) Available to Common Shareholders - Basic |  | $ | (48) |  |  | $ | 121 |  |  | $ | (144) |  |  | $ | 431 |
Diluted Net Earnings (Loss) per Share: |  |  |  |  |  |  |  |
Net Income (Loss) |  | $ | (46) |  |  | $ | 123 |  |  | $ | (137) |  |  | $ | 438 |
Dividend - Preferred Stock |  | (2) |  |  | — |  |  | (7) |  |  | — |
Adjusted Net Income (Loss) Available to Common Shareholders - Diluted |  | $ | (48) |  |  | $ | 123 |  |  | $ | (144) |  |  | $ | 438 |
Weighted Average Common Shares Outstanding - Basic |  | 157,004 |  |  | 161,684 |  |  | 159,899 |  |  | 189,107 |
Common Shares Issuable With Respect To: |  |  |  |  |  |  |  |
Restricted Stock and Performance Units / Shares |  | — |  |  | 4,077 |  |  | — |  |  | 2,473 |
8% Convertible Preferred Stock |  | — |  |  | 5,393 |  |  | — |  |  | 5,393 |
Weighted Average Common Shares Outstanding - Diluted |  | 157,004 |  |  | 171,154 |  |  | 159,899 |  |  | 196,973 |
Net Earnings (Loss) per Share: |  |  |  |  |  |  |  |
Basic |  | $ | (0.30) |  |  | $ | 0.75 |  |  | $ | (0.90) |  |  | $ | 2.28 |
Diluted |  | $ | (0.30) |  |  | $ | 0.72 |  |  | $ | (0.90) |  |  | $ | 2.22 |
The following securities were not included in the computation of diluted earnings per share as they were either contingently issuable shares or shares that if included would have been anti-dilutive (shares in thousands):
Restricted stock and performance shares/units |  | 17,271 |  |  | 10,288 |  |  | 17,287 |  |  | 10,329 |
Convertible preferred stock |  | 5,393 |  |  | — |  |  | 5,393 |  |  | — |
Total Anti-Dilutive and Contingently Issuable Securities |  | 22,664 |  |  | 10,288 |  |  | 22,680 |  |  | 10,329 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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