Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

The following table presents the calculation of basic and diluted earnings per share (“EPS”):

	Year Ended December 31,
	2023		2022		2021
	(in millions, except per share amounts)
Numerator:
Net income (loss) attributable to stockholders	$	97	$	162	$	(459)
Earnings attributable to participating securities	(2)		—		—
Net income (loss) attributable to stockholders, net of earnings allocated to participating securities	$	95	$	162	$	(459)
Denominator:
Weighted average shares outstanding – basic	214		228		236
Unvested restricted shares	1		—		—
Weighted average shares outstanding – diluted	215		228		236
Earnings (loss) per share – Basic(1)	$	0.44	$	0.71	$	(1.95)
Earnings (loss) per share – Diluted(1)	$	0.44	$	0.71	$	(1.95)

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(1)Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented.