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Earnings (Loss) Per Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share Earnings (Loss) per Share
The Company did not declare any common stock dividends in the periods presented.
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)2025202420252024
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)$438 
Weighted Average Common Shares Outstanding - Basic157,004 161,684 159,899 189,107 
Common Shares Issuable With Respect To:
Restricted Stock and Performance Units / Shares— 4,077 — 2,473 
8% Convertible Preferred Stock— 5,393 — 5,393 
Weighted Average Common Shares Outstanding - Diluted157,004 171,154 159,899 196,973 
Net Earnings (Loss) per Share:
Basic$(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/units17,271 10,288 17,287 10,329 
Convertible preferred stock5,393 — 5,393 — 
Total Anti-Dilutive and Contingently Issuable Securities22,664 10,288 22,680 10,329