Earnings per share (Tables)

9 Months Ended

Sep. 30, 2026

Earnings Per Share [Abstract]

Reconciliation of basic and diluted earnings per share

The following table presents the reconciliation of basic and diluted earnings per share for the three and nine months ended September 30, 2026:

(in millions, except per share data)	Three months ended September 30, 2026					Nine months ended September 30, 2026
	Earnings (numerator)		Weighted average shares outstanding (denominator)	Earnings per share		Earnings (numerator)		Weighted average shares outstanding (denominator)	Earnings per share
Basic	$	203.4	677.1	$	0.30	$	284.8	676.3	$	0.42
Dilutive effect of stock-based awards	—		3.8			—		1.4
Diluted	$	203.4	680.9	$	0.30	$	284.8	677.7	$	0.42

The following table presents the reconciliation of basic and diluted loss per share for the three and nine months ended September 30, 2025:

(in millions, except per share data)	Three months ended September 30, 2025					Nine months ended September 30, 2025
	Loss (numerator)		Weighted average shares outstanding (denominator)	Loss per share		Loss (numerator)		Weighted average shares outstanding (denominator)	Loss per share
Basic	$	(711.8)	681.7	$	(1.04)	$	(582.6)	681.4	$	(0.86)
Dilutive effect of stock-based awards	—		—			—		—
Diluted	$	(711.8)	681.7	$	(1.04)	$	(582.6)	681.4	$	(0.86)

Certain stock options and RSUs are not included in the diluted earnings (loss) per share calculation when the effect would have been anti-dilutive. The number of anti-dilutive shares excluded was 10.4 million and 18.9 million for the three and nine months ended September 30, 2026, respectively, and 15.5 million and 14.5 million for the three and nine months ended September 30, 2025, respectively