Earnings (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following tables present the calculation of our basic and diluted EPS and the corresponding weighted average shares outstanding referenced in these calculations for the years ended December 31, 2022, 2021, and 2020.

	Year Ended December 31,
($ and shares outstanding in millions, except per share amounts)	2022		2021		2020
Basic EPS:
Numerator:
Net income (loss)	$	352	$	176	$	(201)
Denominator:
Weighted average shares outstanding	118		100		85
Basic EPS(1)	$	2.98	$	1.77	$	(2.36)
Diluted EPS:
Numerator:
Net income (loss)	$	352	$	176	$	(201)
Denominator:
Weighted average shares outstanding	120		101		85
Diluted EPS(1)	$	2.93	$	1.75	$	(2.36)

(1)Earnings per share amounts are calculated using whole numbers.

Schedule of stock repurchase activity under the share repurchase program

The following table summarizes stock repurchase activity under the share repurchase program as of December 31, 2022:

(in millions)	Shares	Cost
As of December 31, 2021	—	$	—
Repurchases	7	272
As of December 31, 2022	7	$	272